Estimation Homework Help

Learn the Types of Estimation and Its Importance in Economics

Estimation is the process of making a rough calculation for finding a useful value where the input data may not be complete or stable. It relates to the use of the value of statistics which you obtain from the sample. You have to calculate the value of the population parameter. However, if the estimation exceeds the actual result, it is known as overestimation, and if it is less than the result, then it is known as underestimation.

The topic of estimation in economics is challenging for many. Some students solve their assignments quickly. However, it is not possible for everyone. Some face difficulties while finding solutions. The estimation homework help can come to your aid in that case. You can resolve all your issues with our assistance at myhomeworkhelp.com.

The types of estimation

We use estimation technique to make decisions regarding the population parameter.  You can obtain it from the samples. You can also estimate the population parameter with the help of statistical estimation with the degree of confidence. You can measure this level by the size and the opinion made from the sample. For more information, you can check estimation assignment help.

The estimation process is of two types. They are:

  1. Point Estimation

Here, you have to determine a single number from the sample. It will help you to find out the unknown value of the population parameter. Therefore, when you estimate a parameter through a statistic, it is known as a point estimator. After the estimation process, you will get a numerical value which is the estimate.

  1. Interval Estimation

The point estimation may fail to show the exact estimate of the population parameter as there may be many values for different samples. Hence, here we use interval estimation which defines a range of values where the population parameter is going to lie. It results in two numbers where the population parameter lies with the degree of confidence. It focuses on explaining the closeness of valid parameter and the parameter of point estimator.

Importance in economics

Estimation techniques have many uses in different fields of study. The estimation homework help also explains its significance. However, let’s learn about some of them.

  • You can find out the activities in large-scale development processes. It is highly essential as there are too many variables to start.
  • You can also use it in project planning by estimating the labor and requirement of resources.
  • You can also use estimation techniques for estimating the cost for entering a project.
  • You can use it to determine the other requirements of the project.

Get the help from our mentors

Myhomeworkhelp.com services are helpful for the students in need. The faculties of estimation assignment help have expertise on the particular subject and can help you with all your doubts. As the services are always available, you can receive assistance anytime you want. The faculties also try to solve your assignments in a manner that will be easy for you to understand.

Our services also involve returning your homework within the deadline which will be earlier set by you. You can also use online training sessions of estimation homework help if you want to learn the chapter. It might also be an advantage to the students as they get another chance to learn the topic. Hence, if they weren’t able to understand it in the class, they can use it.

Trustpilot

We’re rated Excellent

4.7 out of 5 based on 39 reviews

Order Homework Help
Click or drag files to this area to upload. You can upload up to 5 files.
We do not share numbers with 3rd party.

Join over 200,000+ happy students served our tutors

Take a look at independent reviews to see what users have to say about our homework help service.

4.5/5

overall rating
on LiveChat

96%

of users
recommend service

How It Works

1. Get Price Estimate.
1. Get Price Estimate.

Submit.

Send us your homework. Mention deadline & upload relevant files.

2. Pay Securely.
2. Pay Securely.

Pay.

We accept all major credit cards. Partial payments also accepted.

3. Get Solutions.
3. Get Solutions.

Delivered

Receive error-free, step-by-step solutions in your email.

FAQs

Why use Myhomeworkhelp?

We provide you with the homework help from top experienced experts. Your satisfaction is a priority to us. Get better grades or money-back. It’s that risk-free! Furthermore, everything about you is kept confidential.

How quickly can you help me with my homework?

We take pride in our 24×7 homework help services. Which means, student can approach us anytime, to get help even on short notices. As short as few hours! And yes, we provide complementary plagiarism-free report.

How much will it cost?

We do not have a monthly fees or minimum payments. Each homework task is quoted a unique price. It is based on tutor’s estimate of the time it will take them to complete your task. There are no obligations, and you are free to discuss the price quote with the tutor.
We do accept partial payment (subject to our policy) to start working on your assignment help. You can pay the remaining amount when your task gets completed. No pressure of up-front payment. No hidden costs.

Who are your tutors?

All our experts are highly qualified professionals – holding at least Master’s degree of their respective fields of expertise. We are very selective and choose only the best qualified tutors for each academic subject. All tutor applicants must provide academic transcripts for each degree they hold, and are tested and screened carefully by our staff.

I have privacy concerns. Can I trust you?

Myhomeworkhelp has completed over 250,000 homework help tasks over the last 12 years. But do not take our word for it! See our here and on Trustpilot. Furthermore, everything about you is kept confidential. Your credit card information is not stored anywhere, and use of PayPal relies on their secure payment networks. Your identity, payment and homework help are in safe hands.

Check our video

Our Reviews
Ratings