Best estimate definition

Best estimate means the Department's determination of a household's income for the upcoming certification period based on past and current circumstances and anticipated future changes.

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Best estimate means the eligibility agency's determination of a household's income for the upcoming eligibility period, based on past and current circumstances and anticipated future changes.

Best estimate means an income, expense, or circumstance prediction based on past amounts of income and expenses and known factual information concerning future circumstances which affect eligibility, expenses to be incurred; or income to be received in the benefit month. Factual information concerning future circumstances must be based on information by which the applicant or recipient demonstrates known changes or highly probable changes to the income, expenses, or circumstances which offset eligibility, from the base month to the benefit month.

Examples of Best estimate in a sentence

• The database will contain the following: - Name of Entity - Contact Name - Contact Phone Number - Contact E-mail Address - Date of Installation - Device inventory number, name, and type - Size/capacity of device - Location of installations - Best estimate of catchment area - Anticipated number of installations within the next month The monthly progress report shall be received no later than the tenth (10th) calendar day of the month.

• Best estimate of target trajectory based on potential dispersions due to launch vehicle dynamics and day of launch specifics.

• Best estimate values for total capacity and the other modeling parameters are estimated during an optimization activity prior to application to any specific feed composition.

• Figure 3-1 VERSE-LC predicted breakthrough for red lead column using design and Best estimate As expected, the VERSE-LC design estimate results show an earlier than measured Cs breakthrough curve.

• Best estimate modelling, as used in 3D model applications, normally have greater margins by virtue of the evaluation using deterministic methods that best represents the expected outcome with no optimism or conservatism.

More Definitions of Best estimate

Best estimate means that income is calculated for the upcoming certification period based on current information about income being received, expected income deductions, and household size.

Best estimate means at least a 50% probability (P50) that the quantities actually recovered will equal or exceed the best estimate;

Best estimate means the income source’s estimate of future income.

Best estimate means the best estimate of the quantity that will actually be recovered. It is equally likely that the actual remaining quantities recovered will be greater or less than the best estimate. If probabilistic methods are used, there should be at least a 50% probability (P50) that the quantities actually recovered will equal or exceed the best estimate;

Best estimate means a scientifically appropriate estimate which is based, to the extent feasible, on one of the following:

Best estimate. ’ means a scientifically appropriate esti- mate which is based, to the extent feasible, on one of the follow- ing:

Best estimate has the meaning set out in Clause 3.3.1;