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A best estimate is the best guess that you can give for an answer. It is not really done using a formula, just by comparing things in your mind.

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Q: What is best estimate and how do i calculate it?
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Related questions

What is the best estimate of 128 plus 375?

The best estimate is, of course, the correct value, which is so easy to calculate that I am astounded that anyone would want to estimate it. 128 + 375 = 125 + 3 + 375 = 125 + 375 + 3 = 500 + 3 = 503 The second best is 500.


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