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English definition of “miscalculate”

miscalculate

verb [I or T]     /mɪsˈkælkjəleɪt/
ACCOUNTING to calculate an amount wrongly: The water company had deliberately miscalculated the data it supplies to the regulator. The insurance company admitted that it had miscalculated one of its pension funds by around £15m.
to judge a situation badly: The biggest problem was that the airlines miscalculated demand.badly/seriously/horribly miscalculate The Dutch had badly miscalculated just how much London would control the newly merged companies.
(Definition of miscalculate verb from the Cambridge Business English Dictionary © Cambridge University Press)
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