Outrageously Funny Word Dictionary :: Estimative

👉 Estimative is a phrase used in mathematics, particularly in estimation theory and statistics. It refers to a method of estimating values by using an estimate that is likely to be close to the true value but with more precision than the original estimate. An example of an estimative method could be the use of a Monte Carlo simulation to generate random samples from a distribution. This process involves generating many, small samples and then combining them to produce a single estimate of the desired quantity or probability density function (PDF

estimative