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Revised Estimate
(redirected from Revised Estimates)

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Revised estimate
The third estimate of GDP released about three months after the measurement period.

Revised Estimate
1. In calculating quarterly GDP, a third estimate published approximately three months after the end of a quarter. It includes information not available at the time of the advance estimate or preliminary estimate, as well as any necessary data revisions. However, it is still subject to scrutiny and potential alteration. See also: Final estimate.

2. A change in the calculation of the cost of a project. This calculation is made and presented to a buyer, usually while a project is in progress, and may be subject to further changes due to both exogenous factors and endogenous factors. See also: Preliminary estimate.


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Many factors have contributed to the revised estimates, including the European debt crisis, lackluster manufacturing activity and consumer confidence in the U.
Current expenditures shows a decline of less than 1% over the revised estimates of 2009-10, while development expenditure will increase by 25.
He disclosed that this year the revised estimates had been adjusted according to the actual expenses due to which next year the departments would get their budgetary allocations with the percentage after adding the revised estimates.
 
 
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