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The word 'Estimation' is correct and usable in written English
You can use it when you want to express an approximate calculation or judgment of the value, number, quantity, or extent of something. Example sentence: By their estimation, the cost of the project was around $50,000.
Dictionary
Estimation
noun
The process of making an estimate.
Exact(60)
In Swann's estimation Pietersen was "never the right man to captain England" – a position the mercurial batsman held only fleetingly before he and the coach Peter Moores both lost their jobs at the start of 2009.
But there was also some indication on Monday that the size of the budget "blaze" is being scaled back in the government's estimation.
I had in my head an estimation of what sort of height I'd need to jump in order to get that medal, which was about 1.90m.
The 2014-34 plan clearly signifies slum clusters and gives, what may be considered, a rather accurate estimation of slum dwellers in Mumbai.
For work being detailed the business analyst would take requirements from our business users and present them to the technologists for estimation; for work being implemented they would often take queries from the technologists and present them to the business users for guidance.
It combines history, quantitative estimation, social science theory, and a deep concern with societal welfare in a way that is too rare these days.
For Miliband, 26% said he had risen in their estimation, against 23% who said the reverse, while 42% said their view had not changed.
Other economists reject the behavioural approach, maintaining that predictable returns reflect investors' rational insistence on compensation for holding riskier assets.In 1982 Mr Hansen developed what has since become a very influential statistical technique known as "generalised method of moments estimation".
America's breakneck population and GDP growth in the 19th century eroded the power of old fortunes while throwing up a steady supply of new ones.Victorian valuesTumbling rates of population growth are pushing wealth concentrations back toward Victorian levels, in Mr Piketty's estimation.
His Southern drawl reinforces the image of a party that has become, in the estimation of many analysts, too Southern-based.
That is chiefly because the CBO's estimation that the law will ultimately cut the total number of hours worked played into the Republican claim that Obamacare "destroys jobs".
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com