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Interval Estimate
A type of estimate that provides a range of values within which a population parameter is expected to lie, often associated with a confidence level.
Efficient
Refers to achieving maximum productivity with minimum wasted effort or expense.
Unbiased
A term used in statistics to describe an estimate or model that is accurate and not skewed by any factors.
Point Estimate
A single value given as an estimate of a population parameter that is of interest, usually derived from sample data.