Procjena

Procjena is a noun used in Croatian, Serbian, and Bosnian to designate the act of estimating, assessing, or valuing something. The term derives from the verb procijeniti, meaning to estimate or appraise. It is used across professional and formal contexts to refer to numerical estimates as well as qualitative judgments.

In statistics and data analysis, procjena refers to the estimation of a population parameter from sample data. It encompasses point estimates and interval estimates, and relies on methods such as maximum likelihood, least squares, or Bayesian inference. Key concerns include bias, variance, and the accuracy or uncertainty of the estimate.

In finance, economics, and property work, procjena commonly denotes appraisal or valuation. This includes real estate appraisal, asset valuation for financial reporting, insurance risk assessment, and cost estimates in project planning. The accuracy and legality of such procjene are often guided by professional standards to ensure fairness and accountability.

In public administration and policy, procjena is used for program evaluation, risk assessment, and compliance checks. Education and social sciences also use procjena to evaluate performance, learning outcomes, or program effectiveness.

Different languages and regions may favor one sense over others, and the specific definition of procjena can depend on legal or professional context.