Definition of point estimate in English:

point estimate

Line breaks: point es¦ti|mate

noun

Statistics
  • A single value given as an estimate of a parameter of a population. Compare with interval estimate.
    More 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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Word of the day skosh
Pronunciation: skəʊʃ
noun
a small amount; a little