Provided is a method and a battery management system for estimating the parameters of an equivalent circuit model. The equivalent circuit model includes a first resistor, a second resistor connected in series to the first resistor and a capacitor connected in parallel to the second resistor. The method according to an embodiment of the present disclosure individually estimates the resistance of the first resistor and the resistance of the second resistor based on a first number of terminal voltages and a first number of currents measured in a sequential order at each time step in a sliding time window having a predefined size, and stores data indicating the estimated results in the memory.