Estimand vs. Estimate

Estimand vs. Estimate — Is There a Difference?
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Difference Between Estimand and Estimate

Estimandnoun

(statistics) that which is being estimated.

Estimatenoun

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

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.

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Estimatenoun

an approximate calculation of quantity or degree or worth;

an estimate of what it would costa 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 lifein 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
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Estimateverb

judge to be probable