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.

Definition of point estimate in:

Get more from Oxford Dictionaries

Subscribe to remove ads and access premium resources

Word of the day ween
Pronunciation: wēn
verb
be of the opinion; think or suppose