Asked by Arshdeep Dhillon on Sep 29, 2024
An unbiased estimator has an average value (across all samples)equal to the population parameter.
Unbiased Estimator
A statistic used to estimate a parameter that is expected to be equal to the true parameter of the population.
Population Parameter
A numerical characteristic or measure of an entire population, such as a mean (average), variance, or proportion.
- Understand the concept of unbiased and biased estimators.
Learning Objectives
- Understand the concept of unbiased and biased estimators.
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