Estimate vs Multicollinearity - What's the difference?
estimate | multicollinearity |
A rough calculation or guess.
(construction and business) A document (or verbal notification) specifying how much a job will probably cost.
* {{quote-book, year=1928, author=Lawrence R. Bourne
, title=Well Tackled!
, chapter=3 To calculate roughly, often from imperfect data.
* {{quote-book, year=1965, author=Ian Hacking, title=Logic of Statistical Inference, passage=I estimate that I need 400 board feet of lumber to complete a job, and then order 350 because I do not want a surplus, or perhaps order 450 because I do not want to make any subsequent orders.
* '>citation
To judge and form an opinion of the value of, from imperfect data.
* John Locke
* J. C. Shairp
(statistics) A phenomenon in which two or more predictor variables in a multiple regression model are highly correlated, so that the coefficient estimates may change erratically in response to small changes in the model or data.
As nouns the difference between estimate and multicollinearity
is that estimate is a rough calculation or guess while multicollinearity is (statistics) a phenomenon in which two or more predictor variables in a multiple regression model are highly correlated, so that the coefficient estimates may change erratically in response to small changes in the model or data.As a verb estimate
is to calculate roughly, often from imperfect data.estimate
English
Alternative forms
* (archaic)Noun
(en noun)citation, passage=“They know our boats will stand up to their work,” said Willison, “and that counts for a good deal. A low estimate from us doesn't mean scamped work, but just that we want to keep the yard busy over a slack time.”}}
Synonyms
* estimation * appraisalDerived terms
* ballpark estimateVerb
citation
- 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.