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Definition: Error of estimation
Category: Statistical concept
Difference between an estimated value and the true value of a parameter or, sometimes, of a value to be predicted.
Source:
The International Statistical Institute, "The Oxford Dictionary of Statistical Terms", edited by Yadolah Dodge, Oxford University Press, 2003
The International Statistical Institute, "The Oxford Dictionary of Statistical Terms", edited by Yadolah Dodge, Oxford University Press, 2003
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