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.

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.