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Everything about Estimation

Process of finding an approximation

Estimation 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. Typically, estimation involves "using the value of a statistic derived from a sample to estimate the value of a corresponding population parameter". The sample provides information that can be projected, through various formal or informal processes, to determine a range most likely to describe the missing information. An estimate that turns out to be incorrect will be an overestimate if the estimate exceeds the actual result and an underestimate if the estimate falls short of the actual result. Wikipedia →

🧭 Start here: a 6-step reading path

  1. Read the overview: EstimationA 5-minute orientation
  2. Skim a recent paper: Estimation of the global prevalence of dementia in 2019 and forecasted prevalence in 2050: an analysis for the Global Burden of Disease Study 2019Influential work since 2022
  3. Pick up a classic book: Annual report - vital statistics of Massachusetts. (title varies)The most-reprinted book on the subject
  4. Read the landmark paper: Moderated estimation of fold change and dispersion for RNA-seq data with DESeq2Cited 94,596 times
  5. Go sideways: Fermi problemA closely related topic
  6. Go sideways: Cost estimateA closely related topic

📖 Definitions

Noun The process of making an estimate.

Noun The amount, extent, position, size, or value reached in an estimate.

Noun Esteem or favourable regard.

🗂️ The subject at a glance

  1. How estimation is done
  2. Uses of estimation

🏆 Landmark papers (most cited)

🆕 Influential since 2022

📚 Books worth reading

Ranked by number of editions on Open Library, a rough measure of how lasting a book is.

🔗 Related topics