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point estimates
(redirected from point estimate)

   Also found in: Dictionary/thesaurus, Acronyms 0.01 sec.
point estimates [′pȯint ‚es·tə·məts]
(statistics)
Estimates which produce a single value of the population.


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It tells you not only what your point estimate should be but also the likelihood of other types of outcomes occurring.
Nonetheless, the point estimates and their probabilities can be a reasonably good approximation of what is known as a continuous probability distribution, especially if there are enough of them.
The interviewers asked participants to offer either a point estimate or a range of risk that they felt they would bear from transporting nuclear-waste along the proposed route.
 
 
 
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