Aestimo Etymology

Minting Coins

In terms of etymology and according to the scholar L. Havet, “the verb aestimo would be a denominative of aes-temos, which originally meant ‘he who cuts [temos] bronze [aes]’ for the purpose of making […] coins and other objects of value. Since the root tem is not attested to in Latin with certainty, it is supposed that, among the craftsmen dedicated to the cutting, weighing and pricing of products made out of precious metals bronze and copper, there were experts from Greece (see the verb témnõ, ‘to cut’ in Greek)”

Evolution of the Minting Process

 
 

Value Creation

Nowadays, value creation is not derived from minting coins, the original root of the word Aestimo. Metals, the raw materials, have been replaced by investments and data.

Minting presses, the tools, have been replaced by information technologies. At Aestimo Technologies, value creation is achieved by applying a supervised learning quantitative process using the most sophisticated ideas and techniques

Evolution of the Modern Aestimo: mathematical and statistical descendants

Estimand:

the quantity (usually a parameter) to be estimated using an estimator

Estimate:

approximate calculation of quantity or value, even if input data is incomplete or uncertain

Estimation:

the process of providing a numerical value for a population parameter on the basis of information collected from a sample

Estimator:

a statistic used to provide an estimate for a parameter

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