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    Point Estimates in Accounting

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    How can I use an example of point estimate in the business accounting sense?

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    https://brainmass.com/statistics/regression-analysis/point-estimates-accounting-222227

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    Point Estimate
    I know that the point estimate is the statistic, computed from sample information, which is used to estmate the population parameter. My question is:

    How can I use an example of point estimate in the business accounting sense? I can't think of any examples on how this can be used in the accounting world.

    Solution:
    A point estimate of some population parameter θ is a single numerical value of of a statistic. Many estimates in ...

    Solution Summary

    This solution describes the use of point estimate.

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