# Estimand vs. Estimate: What's the Difference?

## Estimand and Estimate Definitions

#### Estimand

(statistics) that which is being estimated.

#### Estimate

To calculate approximately (the amount, extent, magnitude, position, or value of something).

#### Estimate

To form an opinion about; evaluate
"While an author is yet living we estimate his powers by his worst performance" (Samuel Johnson).

#### Estimate

A tentative evaluation or rough calculation, as of worth, quantity, or size
An estimate of the damage caused by the storm.

#### Estimate

A statement of the approximate cost of work to be done, such as a building project or car repairs.

#### Estimate

A judgment based on one's impressions; an opinion
I have a high estimate of his character.

#### Estimate

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

#### Estimate

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

#### Estimate

An upper limitation on some positive quantity.

#### Estimate

To calculate roughly, often from imperfect data.

#### Estimate

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

#### Estimate

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.

#### Estimate

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.

#### Estimate

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.

#### Estimate

An approximate calculation of quantity or degree or worth;
An estimate of what it would cost
A rough idea how long it would take

#### Estimate

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

#### Estimate

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

#### Estimate

A statement indicating the likely cost of some job;
He got an estimate from the car repair shop

#### Estimate

The respect with which a person is held;
They had a high estimation of his ability

#### Estimate

Judge tentatively or form an estimate of (quantities or time);
I estimate this chicken to weigh three pounds

#### Estimate

Judge to be probable