VS.

# Estimand vs. Estimate

Published:

Estimandnoun

(statistics) that which is being estimated.

Estimatenoun

A rough calculation or assessment of the value, size, or cost of something.

Estimand

An estimand is a quantity that is to be estimated in a statistical analysis. The term is used to more clearly distinguish the target of inference from the method used to obtain an approximation of this target (i.e., the estimator) and the specific value obtained from a given method and dataset (i.e., the estimate).

Estimatenoun

(construction and business) A document (or verbal notification) specifying how much a job is likely to cost.

Estimatenoun

An upper limitation on some positive quantity.

Estimateverb

To calculate roughly, often from imperfect data.

Estimateverb

To judge and form an opinion of the value of, from imperfect data.

Estimateverb

To judge and form an opinion of the value of, from imperfect data, - either the extrinsic (money), or intrinsic (moral), value; to fix the worth of roughly or in a general way; as, to estimate the value of goods or land; to estimate the worth or talents of a person.

‘It is by the weight of silver, and not the name of the piece, that men estimate commodities and exchange them.’; ‘It is always very difficult to estimate the age in which you are living.’;

Estimateverb

To from an opinion of, as to amount,, number, etc., from imperfect data, comparison, or experience; to make an estimate of; to calculate roughly; to rate; as, to estimate the cost of a trip, the number of feet in a piece of land.

Estimatenoun

A valuing or rating by the mind, without actually measuring, weighing, or the like; rough or approximate calculation; as, an estimate of the cost of a building, or of the quantity of water in a pond.

‘Weigh success in a moral balance, and our whole estimate is changed.’; ‘No; dear as freedom is, and in my heart'sJust estimation prized above all price.’;

Estimatenoun

an approximate calculation of quantity or degree or worth;

‘an estimate of what it would cost’; ‘a rough idea how long it would take’;

Estimatenoun

a judgment of the qualities of something or somebody;

‘many factors are involved in any estimate of human life’; ‘in my estimation the boy is innocent’;

Estimatenoun

a document appraising the value of something (as for insurance or taxation)

Estimatenoun

a statement indicating the likely cost of some job;

‘he got an estimate from the car repair shop’;

Estimatenoun

the respect with which a person is held;

‘they had a high estimation of his ability’;

Estimateverb

judge tentatively or form an estimate of (quantities or time);

‘I estimate this chicken to weigh three pounds’;

Estimateverb

judge to be probable