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Definition of guesstimate noun from the Oxford Advanced Learner's Dictionary

guesstimate

noun
 
/ˈɡestɪmət/
 
/ˈɡestɪmət/
(also guestimate)
(informal)
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  1. an attempt to calculate something that is based more on guessing than on informationTopics Doubt, guessing and certaintyc2
    More Like This Blended or portmanteau wordsBlended or portmanteau words
    Word Origin1930s (originally US): blend of guess and estimate.
See guesstimate in the Oxford Advanced American Dictionary
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utilize
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