Quantitative Analysis Terms

noun an approximate calculation or judgment of the value, number, quantity, or extent of something

• The project manager provided a detailed estimation of the costs involved in the construction.
• I made a rough estimation of how long it would take to drive to the beach.
• I took a wild guess at the number of people attending the party, but my estimation was way off.
• Her estimation of his character turned out to be completely wrong.

adjective too small or insignificant to be valued or appreciated

• The difference in quality between the two products was inappreciable.
• I could barely notice the inappreciable change in temperature.
• The impact of that decision was so inappreciable, it was like a drop in the ocean.
• Her contribution to the project may seem inappreciable now, but it will be recognized in the future.

adjective a word that describes or modifies a noun, indicating a lack of importance or significance

• The impact of the new policy on the economy is insignificant.
• Don't worry about that small issue, it's insignificant.
• That problem is so tiny, it's basically insignif.
• In the grand scheme of things, his opinion is insignificant.

verb to determine or express the quantity of something

• It is important to quantify the impact of the new policy on the economy.
• Can you quantify how much money you spent on that shopping spree?
• I can't even quantify how much I love my new car.
• It's difficult to quantify the value of a good friendship.

adverb relatively is an adverb that is used to describe something in comparison to something else, indicating a moderate or reasonable degree of something

• The company's profits have been relatively stable over the past few quarters.
• I think the new restaurant is relatively good, we should try it out sometime.
• She's relatively chill, you'll get along with her just fine.
• His success in the competition was relatively a walk in the park compared to the challenges he faced before.