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+# Estimation
+
+> [!important]
+> This note does not, and should never,
+> touch more than briefly on applications of estimation in business,
+> or at least not estimating as understood by any particular industry.
+> See [[estimating]] for these topics.
+
+**Estimation** is the general process
+of approximating outcomes under [[uncertainty]],
+that is, based on limited [[information]].
+
+"Forecasting" is usually synonymous,
+with the restriction that
+
+Under [[bayesian-statistics]],