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  2. Business mathematics - Wikipedia

    en.wikipedia.org/wiki/Business_mathematics

    Business mathematics comprises mathematics credits taken at an undergraduate level by business students.The course [3] is often organized around the various business sub-disciplines, including the above applications, and usually includes a separate module on interest calculations; the mathematics itself comprises mainly algebraic techniques. [1]

  3. Estimating equations - Wikipedia

    en.wikipedia.org/wiki/Estimating_equations

    In statistics, the method of estimating equations is a way of specifying how the parameters of a statistical model should be estimated.This can be thought of as a generalisation of many classical methods—the method of moments, least squares, and maximum likelihood—as well as some recent methods like M-estimators.

  4. Basis of estimate - Wikipedia

    en.wikipedia.org/wiki/Basis_of_estimate

    A pivot table in BOEMax, a Basis of Estimate software package. To create a BOE companies, throughout the past few decades, have used spreadsheet programs and skilled cost analysts to enter thousands of lines of data and create complex algorithms to calculate the costs. These positions require a high level of skill to ensure accuracy and ...

  5. Estimation - Wikipedia

    en.wikipedia.org/wiki/Estimation

    Estimation (or estimating) is the process of finding an estimate or approximation, which is a value that is usable for some purpose even if input data may be incomplete, uncertain, or unstable. The value is nonetheless usable because it is derived from the best information available. [ 1 ]

  6. Estimator - Wikipedia

    en.wikipedia.org/wiki/Estimator

    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. There are point and interval ...

  7. The Chart That Says You're Right on STAAR Surgical - AOL

    www.aol.com/2013/07/23/the-chart-that-says-youre...

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  8. Efficiency (statistics) - Wikipedia

    en.wikipedia.org/wiki/Efficiency_(statistics)

    In statistics, efficiency is a measure of quality of an estimator, of an experimental design, [1] or of a hypothesis testing procedure. [2] Essentially, a more efficient estimator needs fewer input data or observations than a less efficient one to achieve the Cramér–Rao bound.

  9. Words of estimative probability - Wikipedia

    en.wikipedia.org/wiki/Words_of_estimative...

    Since combining quantitative, probabilistic information with estimates is successful in business forecasting, marketing, medicine, and epidemiology it should be implemented by the intelligence community as well. These fields have used probability theory and Bayesian analysis as forecasting tools. Using probability theory and other stochastic ...