the process of determining a single estimated value (point estimate) of a parameter of a given population.
Moot Point vs. Mute PointYou may have heard coworkers or acquaintances refer to an inconsequential or irrelevant point as a moot point, or maybe you’ve heard mute point instead. Fans of the TV show Friends may have heard a third variation: moo point (because, according to Joey, a cow’s opinion doesn’t matter). But which expression is correct, and what exactly does it mean? The correct phrase is moot point. …
Compare interval estimation.
Origin of point estimation
First recorded in 1960–65
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2019
British Dictionary definitions for point estimate
statistics a specific value assigned to a parameter of a population on the basis of sampling statisticsCompare interval estimate
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