Underestimate
Definition
Underestimate means to make an estimate or prediction that is lower than the actual value. It occurs when we underestimate how big or significant something is.
Analogy
Imagine trying to guess how many jellybeans are in a jar but underestimating and guessing too low. Your guess might not accurately represent the true number of jellybeans in the jar.
Related terms
Error Bound: The maximum amount by which an approximation may differ from an exact value.
Riemann Sum: An approximation method for finding areas under curves using rectangles.
Taylor Series Approximation: A way to approximate functions using polynomials centered around a specific point.
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