Usually means: Estimating population parameter using data.
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We found 5 dictionaries that define the word Point estimation:

General (5 matching dictionaries)
  1. point estimation: Merriam-Webster
  2. point estimation: Infoplease Dictionary
  3. point estimation: Dictionary.com
  4. Point estimation, Point estimation: Wikipedia, the Free Encyclopedia

Definitions from Wikipedia (Point estimation)

noun:  In statistics, point estimation involves the use of sample data to calculate a single value (known as a point estimate since it identifies a point in some parameter space) which is to serve as a "best guess" or "best estimate" of an unknown population parameter (for example, the population mean).


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