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point estimation

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noun Statistics.
  1. the process of determining a single estimated value (point estimate) of a parameter of a given population.
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Origin of point estimation

First recorded in 1960–65
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2018

British Dictionary definitions for point estimate

point estimate

noun
  1. statistics a specific value assigned to a parameter of a population on the basis of sampling statisticsCompare interval estimate
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Collins English Dictionary - Complete & Unabridged 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012