best estimate


Also found in: Acronyms.

best estimate

[¦best ′es·tə·mət]
(statistics)
A term applied to unbiased estimates which have a minimum variance.
References in periodicals archive ?
The distribution of the claim liabilities (and thereby the best estimate of these liabilities) depends on, among others, the distribution of the individual-specific unobserved heterogeneity.
As such, while the 30-Year Pricing Horizon curve may well represent the long-term best estimate, shorter periods may exhibit a very different perspective.
Approximately 5 billion barrels of best estimate contingent resources with an aggregate pre-tax PV10% value of Cdn $6.
29) TEI believes the best estimate method would provide the most useful information to financial statement users.
The following estimates are based on an unrisked gross (100 percent) of the best estimate of the prospective hydrocarbon resources on the Kunene Prospect.
Researchers are still debating how to best estimate deaths caused by too much weight.
Our best estimate is that about a third of the current downturn is the residual result of Sept.
Institutions should continue to maintain conservative allowance levels within a reasonable range of estimated credit losses, and banks can reserve at the high end of the range if it is management's best estimate.
If the useful life stretches beyond the contract term but is not indefinite, CPAs must make their best estimate of the asset's useful life.
412(c)(3) requires that actuarial estimates be reasonable and offer the actuary's best estimate of the anticipated experience.
The result of these calculations, referred to as the "expected benefit obligation," involves using the best estimate of the underlying assumptions, such as retirement age, employee turnover, mortality, the frequency and cost of future medical services, and an appropriate discount rate.
herein called ACOR) (OTCBB:AUCAF) is pleased to announce that the operator of VIC/P54 states in their annual report that their best estimate of the 350 petajoules (PJ) gas contract along with the 4 million barrel condensate from the drilling of the Longtom 3 well on ACOR's ORRI is equivalent to approximately 57 million barrels of oil or approximately $2.