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Why is a point estimate alone insufficient for providing a probabilistic estimate of a parameter?

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Why is a point estimate alone insufficient for providing a probabilistic estimate of a parameter?

Because a point estimate only estimates the parameter, it will never provide us with its value.

Although the point estimate provides a good guess for the parameter, it is a single value and, for a continuous variable, the probability the parameter equals this single value is 0.

The calculation of the point estimate is too fraught with uncertainty to provide an accurate probability estimate.

A point estimate is too static to accurately estimate a dynamic parameter.

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Introductory Statistics: A Problem-Solving Approach

Edition: 3rd
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teamroketteamroket
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