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In statistics, point estimation involves the use of sample data to calculate a single value (known as a statistic) which is to serve as a "best guess" for an unknown (fixed or random) population parameter.## Routes to deriving point estimates directly

## Routes to deriving point estimates via Bayesian Analysis

## Properties of Point estimates

More formally, it is the application of a point estimator to the data.

In general, point estimation should be contrasted with interval estimation.

Point estimation should be contrasted with general Bayesian methods of estimation, where the goal is usually to compute (perhaps to an approximation) the posterior distributions of parameters and other quantities of interest. The contrast here is between estimating a single point (point estimation), versus estimating a weighted set of points (a probability density function). However, where appropriate, Bayesian methodology can include the calculation of point estimates, either as the expectation or median of the posterior distribution or as the mode of this distribution.

In a purely frequentist context (as opposed to Bayesian), point estimation should be contrasted with the calculation of confidence intervals.

- maximum likelihood (ML)
- method of moments, generalized method of moments
- minimum mean squared error (MMSE)
- minimum variance unbiased estimator (MVUE)
- best linear unbiased estimator (BLUE)

- maximum a posteriori (MAP)
- particle filter
- Markov chain Monte Carlo (MCMC)
- Kalman filter
- Wiener filter

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Last updated on Wednesday April 30, 2008 at 03:09:02 PDT (GMT -0700)

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This article is licensed under the GNU Free Documentation License.

Last updated on Wednesday April 30, 2008 at 03:09:02 PDT (GMT -0700)

View this article at Wikipedia.org - Edit this article at Wikipedia.org - Donate to the Wikimedia Foundation

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