term estimation value mean what is
Meaning of mean-value estimation. What is it: the mean-value estimation procedure, a mean value is.

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Definition mean-value estimation

MEAN-VALUE ESTIMATION title: mean-value estimation (MM-IM) (SAP Library - Glossary)
MEAN-VALUE ESTIMATION category: Inventory Management (MM-IM)
MEAN-VALUE ESTIMATION explained:

An extrapolation procedure used in inventory sampling.

In the mean-value estimation procedure, a mean value is formed for each stratum from the inventory adjustment postings. The estimate for the stratum is obtained by multiplying this mean value by the number of stratum elements.

The sum of the estimated values for each stratum and the values of the inventory adjustment postings of the complete-count area yield the estimated value for the entire stock population.

More terms such as mean-value estimation in Dictionary M.

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