What is another word for an estimate?

An estimate refers to an approximate calculation or judgment regarding the value, number, or nature of something, often based on available data or methods. The term "quote" is frequently used in business contexts, particularly regarding pricing, where a quote provides customers with an estimated cost for goods or services based on specific criteria. It effectively conveys the intention to provide an initial figure or approximation before a final price is confirmed. This makes "quote" a fitting synonym for an estimate, especially in fields involving finance, sales, or services.

While "calculation," "projection," and "inference" can relate to estimation, they carry different connotations. A calculation involves a definite mathematical operation, whereas a projection implies a forecast based on certain trends or patterns. In contrast, an inference refers to a conclusion drawn from evidence or reasoning rather than an approximate figure based on data. Therefore, "quote" most closely aligns with the context of estimating.