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Frequently Asked Questions

What types of statistics use estimators?

An "estimator" or "point estimate" is a statistic (that is, a function of the data) that is used to infer the value of an unknown parameter in a statistical model. A common way of phrasing it is "the estimator is the method selected to obtain an estimate of an unknown parameter". The parameter being estimated is sometimes called the estimand.

What services does Estimators Online provide?

Estimators Online offer affordable and detailed labour and material estimating services to anyone involved in domestic building. We convert building drawings using in-house developed software and industry-leading paperless quantification systems.

How is an estimator used to calculate estimates of a given quantity?

In statistics, an estimator is a rule for calculating an estimate of a given quantity based on observed data: thus the rule (the estimator), the quantity of interest (the estimand) and its result (the estimate) are distinguished. [1] For example, the sample mean is a commonly used estimator of the population mean .

How can estimators be used to estimate population parameters?

In statistics, an estimator is a rule for calculating an estimate of a given quantity based on observed data: thus the rule (the estimator), the quantity of interest (the estimand) and its result (the estimate) are distinguished. [1] For example, the sample mean is a commonly used estimator of the population mean .

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