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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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What does function point estimation mean?
A standard method to measure size of software projects
What is approximate estimation?
If an estimation, or estimate, is a guess, an approximate estimation is a rougher guess.
Why use estimation?
Estimation is a quick of working out roughly what the answer is
How is rounding related to estimation?
Rounding is a form of estimation.
What does approximatley mean?
it means estimation about or nearly estimation is my best answer
