Estimand vs. Estimate
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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 takeEstimatenoun
a judgment of the qualities of something or somebody;
many factors are involved in any estimate of human lifein my estimation the boy is innocentEstimatenoun
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 shopEstimatenoun
the respect with which a person is held;
they had a high estimation of his abilityEstimateverb
judge tentatively or form an estimate of (quantities or time);
I estimate this chicken to weigh three poundsADVERTISEMENT
Estimateverb
judge to be probable
