# 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]],