Guesstimate (May 1928)

[Bapopik at AOL.COM]

   From the NEW YORK TIMES, 6 May 1928, pg. 197:

_"GUESSTIMATE" APPRAISAL._
_Realtor Coins New Word to Express_
   _Careless Methods._
   A. N. Gitterman, who was a speaker at the meeting of the Long Island Real Estate Board last week, introduced a new word in the vocabulary of appraisers--"guesstimate" which he defined as "an expression of an estimate that is arrived at by guesswork without accuracy, without knowledge of detail or a full consideration of records" and is often termed an "expression of opinion" and sometimes known as a "horseback appraisal."

(TIME magazine recently claimed that it coined this word.  We now know that's wrong--ed.)