Estimation

From CNM Wiki
Revision as of 16:29, 3 July 2020 by EshwaN (talk | contribs)
(diff) ← Older revision | Latest revision (diff) | Newer revision → (diff)
Jump to: navigation, search

Estimation is the process of analyzing a sample result to approximate the corresponding value of the population parameter.

Definition

According to Juran's Quality Handbook by Defeo (7th edition),

Estimation. The process of analyzing a sample result to approximate the corresponding value of the population parameter.