estimate / assessment
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estimate
An approximate calculation or judgment of the value, amount, cost, or extent of something. The result of an estimating process.
Laut einer ersten Abschätzung wird die Renovierung des Daches etwa 15.000 Euro kosten.
According to an initial estimate, renovating the roof will cost about 15,000 euros.
'Abschätzung' (estimate/assessment) is the nominalization of the verb 'abschätzen' (to estimate / to assess). The ending '-ung' turns many verbs into nouns that describe the process or result of the action.
Die Abschätzung der Situation erforderte viel Erfahrung.
Assessing the situation required a lot of experience.
Common verbs used with 'Abschätzung' (estimate/assessment) are 'eine Abschätzung abgeben' (to give an estimate), 'eine Abschätzung vornehmen' (to carry out an assessment), or 'zu einer Abschätzung kommen' (to arrive at an assessment).
Der Experte wird morgen eine erste Abschätzung der Schäden abgeben.
The expert will give an initial estimate of the damage tomorrow.
The exact meaning depends on what is being estimated or assessed. If it is about numbers, costs, or quantities, an approximate calculation is meant. If it is about risks, dangers, or a situation, a qualitative evaluation is meant.
Die Abschätzung der Baukosten war leider zu niedrig.
The estimate of the construction costs was unfortunately too low.
The phrasing 'laut (einer) Abschätzung' (according to an estimate) or 'nach einer ersten Abschätzung' (according to an initial estimate) is often used to name an estimate as the source of information.
Laut Abschätzung der Polizei waren rund 5.000 Menschen bei der Demonstration.
According to the police estimate, around 5,000 people were at the demonstration.
analysis
'die Analyse' and 'die Abschätzung' can both help you understand a situation better. 'die Analyse' is more precise and goes into more depth: you examine parts, reasons, or connections. 'die Abschätzung' is often only approximate, for example with costs, quantities, or risks. You use 'Abschätzung' when you do not yet have all the information but need a reasonable assessment. The words can be confused because a good estimate or assessment is sometimes based on an analysis.
Vor dem Umbau macht der Handwerker eine grobe Abschätzung der Kosten.
Before the renovation, the tradesman makes a rough estimate of the costs.
Für den Bericht braucht Maria eine genaue Analyse der Verkaufszahlen.
For the report, Maria needs a precise analysis of the sales figures.