Types
- Point estimate
- Confidence interval (CI) estimate.
For both continuous variables (e.g., population mean) and dichotomous variables (e.g., population proportion) one first computes the point estimate from a sample.
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Parameter estimation is the process of computing a model’s parameter values from measured data. You can apply parameter estimation to different types of mathematical models, including statistical models, parametric dynamic models, and data-based Simulink® models
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The kind of average
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