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In general, unbiased estimators are preferred for inference because:

mylesnagop

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In general, unbiased estimators are preferred for inference because:

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bias in inference is always bad and should be avoided at all costs, so using unbiased estimators is the only way to conduct objective inference.

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unbiased estimators always have the least amount of variance of all possible estimators.

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a biased estimator will almost always give very little insight into the parameter being estimated and, therefore, serves as a poor guess of the parameter’s true value.

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in many cases the most probable value of an unbiased estimator is the value of the parameter being estimated; thus, unbiased estimators typically converge on values near the parameter.

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Introductory Statistics: A Problem-Solving Approach

Edition: 3^rd

Author: Kokoska

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mylesnagop Author

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this is exactly what I needed

Goku935

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Good timing, thanks!

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This site is awesome

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