To calculate pressure, velocity, and momentum for a pressurized water bottle rocket, one can use the equation 0 = V_i * t - 0.5*g*t^2 to determine initial velocity (V_i) based on the time of flight. Momentum can be calculated by multiplying the initial velocity by the rocket's mass at launch. Thrust at liftoff can be derived from the initial air pressure and nozzle area, but it decreases as water is expelled and air volume expands, complicating the calculations. A set of coupled differential equations describes the system, and accurate solutions typically require computer simulations. Resources such as NASA's self-guided courses and interactive simulations provide valuable insights into the principles of water rocket design and operation.