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In the strict sense, an estimate is the particular value yielded by an estimator in a given set of circumstances.

The expression is widely used to denote the rule by which such particular values are calculated. It seems preferable to use the word estimator for the rule of procedure, and estimate for the values to which it leads in particular cases.

Source Publication:
The International Statistical Institute, “The Oxford Dictionary of Statistical Terms”, edited by Yadolah Dodge, Oxford University Press, 2003.

Cross References:
Error of estimation
Non-sampling error
Trend estimates

Statistical Theme: Methodological information (metadata)

Glossary Output Segments:

Created on Wednesday, August 21, 2002

Last updated on Monday, December 19, 2005