This article presents a methodology to estimate cutting force coefficients based on the least squares approximation using correlation factor between the estimated and measured cutting forces in order to determine the corresponding tool angular position. This method can be applied on measured cutting force data over any small interval of time that need not contain information of the time instant when the cutting tool enters the workpiece, which has been the main requirement in the conventional method. This allows a quick estimation of the cutting force coefficients regardless of the chosen cutting conditions and tool-workpiece material, which is often the case in industrial machining processes. This proposed method has been validated by comparison of cutting force coefficients obtained using conventional estimation technique for a slot ball-end milling test. Besides being useful for predictive evaluation of forces, such estimation of cutting force coefficients of the cutting force model can be useful for understanding variations in cutting process over the tool life and can assist in online monitoring and process optimization.