/ˈɛrə(r) ɪn ˈɛstɪmeɪt/
The phrase "error in estimate" refers to a mistake made in calculating the value, quantity, or extent of something. It is commonly used in contexts such as finance, engineering, statistics, and project management, where precise estimates are crucial. This phrase is more frequently used in written contexts, particularly in reports, academic papers, and professional correspondence.
The error in estimate led the company to overstate its projected earnings for the quarter.
La erreur in estimate condujo a la empresa a sobrestimar sus ganancias proyectadas para el trimestre.
Due to an error in estimate, the construction project was delayed and went over budget.
Debido a un error in estimate, el proyecto de construcción se retrasó y superó el presupuesto.
He noted an error in estimate that could potentially jeopardize the entire analysis.
Él señaló un error in estimate que podría poner en peligro todo el análisis.
While "error in estimate" itself is not commonly featured in idiomatic expressions, estimating and errors do appear in various common phrases:
It's important to estimate the risks involved before making a decision.
Es importante estimate the risks involucrados antes de tomar una decisión.
Play it by ear (implying estimating on the go)
We decided to play it by ear during the trip instead of sticking to our original estimate.
Decidimos play it by ear durante el viaje en lugar de ceñirnos a nuestra estimate original.
Cut corners (often leading to errors in estimates)
Sometimes teams cut corners on project plans, leading to significant errors in estimates.
A veces, los equipos cut corners en los planes de proyectos, lo que lleva a errores significativos en los estimates.
Call the shots (related to decision-making where estimates are considered)
The manager calls the shots and needs to make accurate estimates for the project's success.
El gerente calls the shots y necesita hacer estimates precisos para el éxito del proyecto.
Missing the mark (referring to inaccurate estimates)
The word "error" originates from the Latin "error," meaning "a wandering" or "to stray," while "estimate" comes from the Latin "aestimare," meaning "to value" or "to assess." The combination reflects a miscalculation or a misjudgment in valuation, highlighting the importance of precision in assessing values, quantities, or forecasts.