Preliminary estimate

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Preliminary estimate

The second estimate of GDP released about two months after the measurement period.

Preliminary Estimate

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

2. An early calculation of the cost of a project. This calculation is made and presented to a buyer before a project has begun, and is subject to change due to both exogenous factors and endogenous factors. See also: Revised estimate.
References in classic literature ?
However, he restrained himself, and kept in strict privacy from Fred certain visits which he was making to Stone Court, in order to look more thoroughly into the state of the land and stock, and take a preliminary estimate.
The 1st Preliminary Estimate of Japanese GDP is released about one month after a particular quarter ends, and about two months later the 2nd Preliminary Estimate is released.
released a preliminary estimate of net losses relating to Superstorm Sandy of approximately $650 million after tax and after estimated recoveries from reinsurance.
The government on Tuesday revised slightly downward Japan's composite index of leading indicators for May, which predicts economic conditions some six months ahead, from a preliminary estimate released earlier this month.
Census has boosted its preliminary estimate of construction for 2004 from $1 trillion to nearly $1.
At least a third of the nation's species should arouse conservation concern, according to a preliminary estimate by The Nature Conservancy and the Association for Biodiversity Information in Arlington, Va.
One common method of doing so is establishing a preliminary estimate of materiality.
The preliminary estimate for March, released last month, was a 0.
Aspen Insurance Holdings announced a preliminary estimate of approximately $135M in pre-tax losses, net of reinsurance and reinstatement premiums, related to wildfires in California in the fourth quarter of 2017.
Summary: The Ministry of FinanceEe's preliminary estimate of the budget execution for 2015 shows that the deficit stayed at 2.

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