This is the 2461st most frequent German word.
schätzung
Estimation or appraisal.
In this sentence, 'Schätzung' is used to denote an estimation or calculated guess of numerical value.
Die Schätzung der Kosten für das Projekt war höher als erwartet.
The estimation of the project costs was higher than expected.
Here, 'Schätzung' refers to a general estimate or approximation regarding a measurement.
Meine Schätzung der Entfernung war ziemlich genau.
My estimation of the distance was quite accurate.
In this case, 'Schätzung' signifies esteem or appreciation for someone's efforts.