Definition of point estimate in English:
A single value given as an estimate of a parameter of a population. Compare with interval estimate.
- Although the use of discrete probabilities in a stochastic process certainly has an advantage over a single point estimate, the realistic a priori estimate of the probabilities can be a challenge.
- In a nutshell, maximum likelihood gives only a point estimate of the parameters, which ignores the more detailed information contained in the curvature and multimodality of the likelihood landscape.
- Two-tailed statistical significance was calculated as the frequency of obtaining a correlation coefficient whose absolute value was greater than or equal to the absolute value of the original point estimate.
Definition of point estimate in:
- British & World English dictionary
What do you find interesting about this word or phrase?
Comments that don't adhere to our Community Guidelines may be moderated or removed.
Most popular in the US
Most popular in the UK
Most popular in Canada
Most popular in Australia