Which term means to guess the cost, size, value, etc. of something?

Which term means to guess the cost, size, value, etc. of something?

• A. Forecast
• B. Estimate
• C. Anticipate
• D. Predict

Answer: (B)

The main idea is choosing a word that means judging an approximate value when exact figures aren’t known. To estimate is to judge the approximate size, cost, or value of something, usually based on some information but not exact. This fits the prompt perfectly because it describes giving a rough figure for cost, size, or value. You’d use it like: “We estimated the project cost at around $60,000.” Forecasting is about predicting future outcomes or trends based on data, not specifically about giving a rough current value. Anticipating is more about expecting something to happen and preparing for it. Predicting is about stating what will happen in the future, often with more certainty, rather than providing an approximate current amount.

The main idea is choosing a word that means judging an approximate value when exact figures aren’t known. To estimate is to judge the approximate size, cost, or value of something, usually based on some information but not exact. This fits the prompt perfectly because it describes giving a rough figure for cost, size, or value.

You’d use it like: “We estimated the project cost at around $60,000.”

Forecasting is about predicting future outcomes or trends based on data, not specifically about giving a rough current value. Anticipating is more about expecting something to happen and preparing for it. Predicting is about stating what will happen in the future, often with more certainty, rather than providing an approximate current amount.