Analytics and results
Estimation
Also known as: estimate · approximation
An approximate value calculated from available data and assumptions.
A practical example
A tool estimates interest or competitor sales.
What should I know?
An estimate is not a direct reading of another company's private results.
Analytics and results in practice
Before comparing numbers, check definitions, periods, sources, and denominators. Separate observation from proof of an action's impact. A metric should support business decisions, not just look good in a report.
Related Semly features
See where this concept applies when working with Semly.
Related terms
Documentation and further reading
Definition prepared by Semly. Standards and behavior are described by their creators: