Meaning of the word miscalculation in English

What does miscalculation mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

miscalculation

US /ˌmɪs.kæl.kjəˈleɪ.ʃən/
UK /ˌmɪs.kæl.kjəˈleɪ.ʃən/

Noun

a calculation that is incorrect because of a mistake in reasoning or in the figures used

Example:
The company's financial problems were due to a serious miscalculation of market demand.
His decision to expand was a huge miscalculation, leading to significant losses.