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estimation /ˌɛstəˈmeɪʃən/  

  • noun
    plural -tions
    [singular] formal :a judgment or opinion about something
    My estimation of his films was never very high. [=I never thought his films were very good]
    This is notin my estimation, an efficient use of our resources.
    [noncount] :the act of judging the size, amount, cost, etc., of something :the act of estimating something
    By his own estimation [=estimatehe had wrecked six different cars.
    [count] :a guess about the size, amount, cost, etc., of something
    My estimation [=(more commonlyestimateof the amount of materials we needed was wrong.