noun.
A resampling method that applies estimators to all subsamples that each omit a single different group (possibly of a single datapoint) of the original sample to provide a sample distribution of the estimate.
verb.
Alternative spelling of jack-knife.
WordNet 3.0 Copyright 2006 by Princeton University. All rights reserved.
verb.
dive into the water bending the body at the waist at a right angle, like a jackknife
noun.
a large knife with one or more folding blades
noun.
a dive in which the diver bends to touch the ankles before straightening out
Word Usage
"To rephrase Steve McIntyre if he will forgive me the jackknife is the statistical technique of resampling by running the estimate on subsamples of N-q from a sample of N then averaging the results."