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What is an overestimation?

What is an overestimation? Here are some definitions.

Noun
  1. An excessive estimation
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The negative and positive signs on the ordinate mean, respectively, underestimation and overestimation of the expected values.
This overestimation means many taxpayers are able to deduct amounts that are actually private expenses.
A problem with working with this ratio directly is that it tends to penalize overestimation more heavily than underestimation.
Reducing the rest period before measurement of blood pressure to under four minutes risks significant overestimation.
This warns against inadvertent overestimation due to the original sampling procedure in experimental assays.
This overestimation affects the average behavior of the system, and depending on the model can even yield qualitatively wrong results.

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