point estimate

Popular Terms
Approximation of a single quantity or a single numerical value, instead of that of a whole range of quantities or values.

Use 'point estimate' in a Sentence

The point estimate was used in the meeting because we wanted an exact number to compliment our new financial model.
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You should try to figure out a correct point estimate before entering into any plan and deal with it accordingly.
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I told the researchers that I wanted a point estimate as to how many shirts we would sell at a price of ten dollars per shirt.
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