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"estimation exercise" is a correct and usable phrase in written English to describe a type of activities, which involve calculating or estimating certain values.
For example: "The students completed the estimation exercise to determine how much money the business would need to produce the upcoming product line."
Exact(17)
In an estimation exercise for CHERG, Blencowe et al estimated that in countries with <80% national facility delivery rates, <50% of infants had access to a neonatal intensive care unit (personal communication).
Note that the desirable properties of the estimates thus obtained will depend on the ultimate goal of the estimation exercise.
Table 13.10: Data for parameter estimation exercise.
We also perform a structural estimation exercise to control for heterogeneity in risk attitudes.
The model estimation exercise considers a whole host of variables including geometric design attributes, roadway attributes, traffic characteristics and environmental factors.
So the parameter values from an estimation exercise would likely not differ substantially from those reported here.
Similar(43)
Two global estimation exercises reached a similar estimate of around three million annually; 99% occur in low- and middle-income countries.
Given the very different methods used in these two estimation exercises and the dearth of stillbirth data available from developing countries, the results are remarkably similar.
Some state-level lead implementing partners updated these numbers on a regular basis (every 12 to 18 months) using programme data; others conducted periodic formal size estimation exercises.
The study power calculations based on pharmacometric models historically often rely on simulation and estimation exercises which can be very time consuming and, therefore, not extensively used.
Some state-level lead implementing partners updated these numbers on a regular basis (every 12 to 18 months) using programme data- others conducted formal size estimation exercises; others used programme data [ 24].
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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