Definition of point estimate in English:

point estimate

noun

Statistics
  • A single value given as an estimate of a parameter of a population.

    Compare with interval estimate
    • ‘Although the use of discrete probabilities in a stochastic process certainly has an advantage over a single point estimate, the realistic a priori estimate of the probabilities can be a challenge.’
    • ‘Two-tailed statistical significance was calculated as the frequency of obtaining a correlation coefficient whose absolute value was greater than or equal to the absolute value of the original point estimate.’
    • ‘In a nutshell, maximum likelihood gives only a point estimate of the parameters, which ignores the more detailed information contained in the curvature and multimodality of the likelihood landscape.’
    • ‘The authors conclude that the breathing reserve index provided the highest point estimate of mortality in patients with cystic fibrosis waiting for lung transplantation.’
    • ‘An advantage of Bayesian methods is the ability to arrive at not only a point estimate of the unknown parameters, but also a distributional estimate.’