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lower bound

   Also found in: Dictionary/thesaurus, Acronyms, Wikipedia, Hutchinson 0.03 sec.
lower bound [′lō·ər ¦bau̇nd]
(mathematics)
A lower bound of a subsetAof a setSis a point ofSwhich is smaller than every element ofA.
A lower bound on a function ƒ with values in a partially ordered setSis an element ofSwhich is smaller than every element in the range of ƒ.


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? Mentioned in ? References in periodicals archive
 
First, the Fed should not treat the lower bound of its inflation reference range of 1 to 2 percent more rigidly than they treat the upper bound.
BMDS also provided a 95% lower bound that can be divided by a standard uncertainty factor to calculate a reference dose or generate a margin of exposure.
The IRS safe harbor position is that the taxpayer should claim the least advantageous lower bound rather than the conventional point estimate.
 
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