Misestimated

To have formed an inaccurate or incorrect judgment or assessment of something, typically regarding its size, cost, value, or difficulty. This implies an error in the calculation, prediction, or appraisal, leading to a discrepancy between the estimated figure and the actual outcome. The act of misestimating usually stems from incomplete information, flawed assumptions, or a lack of understanding of the relevant factors involved. It often results in undesirable consequences, such as financial losses, project delays, or unachieved goals.

Misestimated meaning with examples

• The construction company misestimated the time needed for the project due to unforeseen complications with the soil, and they are now significantly behind schedule. This delay has caused frustration amongst the client and has increased the project's overall cost. Proper site analysis could have prevented this costly mistake.
• The team misestimated the popularity of the new product and produced far too few units to meet the initial demand. They are now scrambling to ramp up production, and they are losing out on potential revenue as the sales window shrinks. This highlights the significance of accurate market research.
• The investors misestimated the market's volatility, leading them to invest heavily just before a major economic downturn. The investments lost value rapidly and significantly hurt the group’s financial portfolios, forcing them to revise their financial goals. Thorough risk assessment is key.
• The meteorologist misestimated the intensity of the storm. Based on their predictions, they downplayed its expected severity, leading to insufficient preparation and ultimately leaving the city unprepared for the ensuing flood and damage caused. Improved data could have helped.