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Any nontrivial statistical procedure that assigns to an unknown quantity (parameter) a plausible value on the basis of appropriate and pertinent data collected in a proper random sample.
References in periodicals archive ?
The present study examines the relationship between the consumer knowledge of financial and credit principles and the tendency to overestimate one's credit rating.
CANYONS AND RAVINES When the ground falls away between you and the target, you'll see much more ground than you are used to seeing for that shot distance, and you will almost always overestimate the range.
The insurance policy that dollar peggers have written themselves also overestimates the likelihood of the policy paying off in full.
Students receiving the lowest overall grades tended to overestimate their abilities relative to the teacher's perceptions.
Answering to why the models over-predict, the study revealed that an overestimate of the power of CO2 as a greenhouse gas could be one of the reasons.
Summary: Some people have suggested the world is getting smaller, but the majority overestimate its size ten-fold, according to new research.
MEN overestimate how many women they have had sex with without even knowing it, a study revealed yesterday.
27 /PRNewswire/ -- A study of more than 76,000 students attending 130 colleges and universities, published in the current issue of the Journal of Studies on Alcohol, confirms that most college students overestimate peer drinking and that these misperceptions have the strongest impact on personal alcohol consumption and associated negative consequences.
But for those made in the preceding year, the NIER, like most of the other forecasters, has tended to overestimate growth; in other words, bias has been positive.
It's a good technique because it is cheap and easy and fast, but it could also give you some false-positives or overestimate results.
While both studies could be wrong, they suggest the computer models may not adequately account for some important processes and may therefore overestimate future warming due to greenhouse gas increases.
In addition, it will allow insurers to buy their reinsurance more cheaply and understand their exposure better and not overestimate their exposure, he added.