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Home Q & A Board Science-Related Homework Help Mathematics Statistics and Probability
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mylesnagop mylesnagop
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A year ago
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

Introductory Statistics: A Problem-Solving Approach


Edition: 3rd
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majudomminickmajudomminick
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mylesnagop Author
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A year ago
Thanks
7.prime7105
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Yesterday
I appreciate what you did here, answered it right Smiling Face with Open Mouth
MAry1395
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2 hours ago
Brilliant ツ
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