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To Analyze Unstructured Data,such as Memos and Legal Cases,you Would

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To analyze unstructured data,such as memos and legal cases,you would use text mining tools.


Definitions:

Point Estimate

A single value given as an estimate of a population parameter, often derived from sample data.

Population Parameter

A numerical value that characterizes a given population, such as mean or standard deviation.

Sample Statistic

A numerical measure calculated from a sample data set used to estimate characteristics of the population from which it is drawn.

Unbiased Estimator

A statistical estimator that, on average, accurately estimates the parameter of interest.

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