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In statistics, point estimation is the process of providing a number or vector (which could be an infinite dimensional vector such as a function) that is stochastically 'close' in some sense to the actual value of that number or vector. For example, suppose that a population of people has a known mean height of 180 cm and an unknown standard deviation. Point estimation could be applied to a sample from this population to obtain an estimate of the standard deviation of its heights.

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11y ago

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