Estimation
- The process by which sample data are used to indicate the value of an unknown quantity in a population.
- The results of an estimation can be expressed as a single value, known as a point estimate; or a range of values, known as a confidence interval.
- The results of an estimation can be expressed as a single value, known as a point estimate; or a range of values, known as a confidence interval.
See also: Estimate, Estimator.
Subjects: Mathematics