Basic stats question

classic Classic list List threaded Threaded
2 messages Options
Reply | Threaded
Open this post in threaded view
|

Basic stats question

Homer Simpson
Can an unbiased, inefficient estimator of population mean be a consistent estimator?
“Operator! Give me the number for 911!”
Reply | Threaded
Open this post in threaded view
|

Re: Basic stats question

Akshay Jain
Consistent estimator means that the estimator converges to the population parameter in probability as sample size increases and unbiased means that the expectd value of estimator is equal to the population parameter.....
and efficiency of an estimator is ragarding the variance of distribution of estimator
even if the estimator is inefficient it is possible that it is unbiased and consistent
for example if u look at the maximum likelihood estimators of regression coefficients, they are unbiased and consistent but inefficient
Akshay Jain
Masters in Economics
Delhi School of Economics
2013-15