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The video does a nice job examining Zillow pricing and the accuracy of their Zestimate feature. The above Real Estate information on are Zillows home value estimates accurate was provided by Bill Gassett, a Nationally recognized leader in his field.
An estimate of a population parameter may be expressed in two ways: 1  Point estimate. A point estimate of a population parameter is a single value of a statistic. 2  Interval estimate. An interval estimate is defined by two numbers, between which a population parameter is said to lie.