Definition of Overestimate
Overestimate
o·ver·es·ti·mate
Definition/Meaning
(verb)
To estimate something as being greater than its actual value or extent.
e.g. The company overestimated the demand for their new product and ended up with excess inventory.
(noun)
an estimate or value that is excessively high;
e.g. The figure of 70% was an overestimate, the actual value was just a mere 30%.
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