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.
17 people found this helpful
You should try to figure out a correct point estimate before entering into any plan and deal with it accordingly.
16 people found this helpful
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.
15 people found this helpful

Email Print Embed