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point estimate

Line breaks: point es¦ti|mate

Definition of point estimate in English:

noun

Statistics
A single value given as an estimate of a parameter of a population. Compare with interval estimate.
Example sentences
  • 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.

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