estimation

Estimation and Types of Estimation in Statistics

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The Post is about Introduction to Estimation and Types of Estimation in the Subject of Statistics. Let us discuss Estimation and Types of Estimation in Statistics. The procedure of making a judgment or decision about a population parameter is referred to as statistical estimation or simply estimation.  Statistical estimation procedures …

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Interval Estimation and Point Estimation (2012)

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The problem with using a point estimate is that although it is the single best guess you can make about the value of a population parameter, it is also usually wrong. Interval estimate overcomes this problem using interval estimation technique which is based on point estimate and margin of error. …

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