IID Point Estimation System

An IID Point Estimation System is a point estimation system that solves an IID point estimation task (that accepts iid data) by implementing a point estimation algorithm.

• Context:
  • It can (typically) require the use of a Sorting Algorithm.
  • It can range from being a Heuristic IID Point Estimation System to being a Data-Driven IID Point Estimation System (e.g. a supervised IID point estimation system).
• Example(s):
  • PointStats.java, a Java-based class that calculates several point statistics for a given set of IID data.
  • pointStats.kt, a Kotlin-based class that calculates several point statistics for a given set of IID data.
  • …
• Counter-Example(s):
  • a Time Series Point Estimation System.
  • an Interval Estimation System.
• See: Point Statistics System, MLE-based System, Machine Learning System, Exploratory Analysis System.

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