noun.
An estimate that is hardly any better than a guess, often because it is based on insufficient or unreliabledata.
verb.
To make a guesstimate.
verb.
To make a guesstimate of a specific quantity.
WordNet 3.0 Copyright 2006 by Princeton University. All rights reserved.
verb.
estimate based on a calculation
noun.
an estimate that combines reasoning with guessing
Word Usage
"My guesstimate is that they have not and in fact, have a higher standard of living than their "counterparts" (isn't that term entirely relative and even artificial?) 10, 20 and 30 years ago did."