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guestimation

A guestimation is an entirely useless term that resides between guess and estimation.
Know>estimate>guess>unknown
Dude 1: My guestimation is about $1,500 for that car.
Dude 2: ?

Guesstimate 

a half-assed job at estimating.
Because I'm not very smart, i just guesstimated instead of actually thinking about it and making an estimate.
Guesstimate by malcom jamal warner January 18, 2007

guesstimate 

An educated guess. A guesstimation is a guess, but at the same time an estimation.
I guesstimated that 95% of people in Zimbabwe think this word is cool.
guesstimate by drew s April 8, 2004

Guesstimate 

1. Originally used by morons who like to make up words, guesstimate is a combination of two words that don't mean quite the same thing; A combination of the words Guess and Estimate that has adopted the meaning of the word guess.

2. To Guess; To draw a conclusion with little or no reason to believe so.
Bob: How high are we on this building?
Mark: I'd say about 10 stories.
Bob: That sounds like a good guesstimate.
Mark: (Silent in awe of Bobs stupidity)
Guesstimate by Coerce1 May 17, 2009

guesstimate 

a mix between guessing and estimating.

guess + estimate = guesstimate

its that simple.
me (looking at very confusing non-digital watch without any numbers): I guesstimate that it is about 3:06ish.
guesstimate by isabelle.g.p33 September 11, 2011

guestimation

Half way between a guess and and an estimation.
Guy1: You were right! Edouard really is an idiot!
Guy2: So, my guestimations were correct! I knew it from the very beginning!
guestimation by Raffik October 27, 2007