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overestimation (n.)

also over-estimation, "overvaluation, act of estimating too highly," 1793, noun of action from overestimate (v.).

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Definitions of overestimation from WordNet

overestimation (n.)
an appraisal that is too high;
Synonyms: overestimate / overvaluation / overappraisal
overestimation (n.)
a calculation that results in an estimate that is too high;
Synonyms: overestimate / overrating / overreckoning
From wordnet.princeton.edu