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Results tagged with unbiased-estimator
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user 7962
Refers to an estimator of a population parameter that "hits the true value" on average. That is, a function of the observed data $\hat{\theta}$ is an unbiased estimator of a parameter $\theta$ if $E(\hat{\theta}) = \theta$. The simplest example of an unbiased estimator is the sample mean as an estimator of the population mean.
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Intuitive understanding of the difference between consistent and asymptotically unbiased [duplicate]
I am trying to to get an intuitive understanding and feel for the difference and practical difference between the term consistent and asymptotically unbiased. I know their mathematical/statistical de …
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