Central Estimate definition
Central Estimate means an estimate that is not deliberately either optimistic or pessimistic, does not include any margin for prudence and does not incorporate adjustments to reflect the desired outcome;
Central Estimate. (or ‘best estimate’) means the expected value or the statistical mean free from bias.
Central Estimate means expected value. In terms of a statistical distribution, the Central Estimate refers to the mean of the distribution.
Examples of Central Estimate in a sentence
For the avoidance of doubt, this restriction shall not affect the calculation of Insurance and Other Recoveries when calculating the Term Central Estimate or the Discounted Central Estimate (as applicable) which shall be calculated by reference to the period to which the relevant definition relates.