Asked by Tatyana Clarke on Sep 29, 2024
An unbiased estimator is a sample statistic whose expected value equals the population parameter.
Unbiased Estimator
A statistical estimator whose expected value is equal to the parameter it estimates, indicating it does not overestimate or underestimate the true value.
Population Parameter
A Population Parameter is a value that represents a characteristic of an entire population, such as its mean or standard deviation.
Sample Statistic
A numerical measure calculated from a set of data extracted from a larger population, used to estimate population parameters.
- Master the theoretical underpinnings of unbiased and biased estimators.
Learning Objectives
- Master the theoretical underpinnings of unbiased and biased estimators.
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