A method and corresponding circuit for determining a final result for a desired series of multiply-and-accumulate (MAC) operations are based on counting the occurrence of products in the desired series of MAC operations, multiplying the counts by their corresponding products to obtain partial sums, and adding the partial sums to obtain the final result. MAC processing as taught herein can be applied to a wide range of applications, such as received signal processing in wireless communication for computationally efficient (and high-rate) generation of interference correlation estimates and/or equalization filter values for a received communication signal.