Parameter estimate

A parameter estimate is either a point or interval estimate of an unknown population parameter.

A point estimate is a single value that is the best estimate of the true unknown parameter; a confidence interval is a range of values and indicates the uncertainty of the estimate.

Related concepts

Point and interval estimation

Related tasks

Estimating the parameters of a distribution

Related reference

Estimators for the central location parameter of a distribution

Estimators for the dispersion parameter of a distribution

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