Copilot
Your everyday AI companion
About 17,900,000 results
  1. Dictionary

    es·ti·ma·tion
    [ˌestəˈmāSHən]
    noun
    estimation (noun) · estimations (plural noun)
    1. a rough calculation of the value, number, quantity, or extent of something:
      "estimations of protein concentrations"
    Origin
    late Middle English (originally in the sense ‘comprehension, intuition’, also ‘valuing, a valuation’): from Latin aestimatio(n-), from aestimare ‘determine, appraise’ (see estimate).
    Translate estimation to
    No translation found.
    Your Recent Searches
    Words you've searched will appear here
  2. People also ask
    In statistics, estimation refers to the process by which one makes inferences about a population, based on information obtained from a sample. Statisticians use sample statistics to estimate population parameters. For example, sample means are used to estimate population means; sample proportions, to estimate population proportions.
    Point estimation is the form of statistical inference in which, based on the sample data, we estimate the unknown parameter of interest using a single value (hence the name point estimation). As the following two examples illustrate, this form of inference is quite intuitive.
    A point estimate, for example, is the single number most likely to express the value of the property. An interval estimate defines a range within which the value of the property can be expected (with a specified degree of confidence) to fall.
    Point estimate. A point estimate of a population parameter is a single value of a statistic. For example, the sample mean x is a point estimate of the population mean μ. Similarly, the sample proportion p is a point estimate of the population proportion P. Interval estimate.
  3. Estimation in Statistics

  4. WebJan 8, 2024 · Estimation. Last updated. Jan 8, 2024. Page ID. Table of contents. Video. Introduction. Point Estimation. Learning Objectives. EXAMPLE: