Outrageously Funny Word Dictionary :: Preestimates

👉 In statistical analysis, a "preestimate" is a measure of the size of an estimate. It is usually calculated as the difference between the true value and the estimated value. This type of estimate is used to compare the accuracy of different estimates or to assess the reliability of the data being analyzed. Preestimates can be used in various fields, such as finance, healthcare, and environmental studies, where they are often used to compare the performance of different models or treatments.

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