Ratio Estimation is the use of known total number for auxiliary variables to improve the weighting from sample values to estimate that compares the sample estimate of the variable with the total. The Project Ratio Estimation is a statistical parameter that is defined the ratio of means of two known variables of experimental or survey results. (Refer to the Factored Estimate; Capacity Factored Estimate (Class 5); Equipment Factored Estimate (Class 4))
Related Definitions in the Project: The Cost Estimate (Estimation)
