Question

Discuss point estimation and the

criteria of a good point estimator in detail (give at least two examples by

explaining the criteria).​

Answer 1

Answer:

It is desirable for a point estimate to be: (1) Consistent. The larger the sample size, the more accurate the estimate. (2) Unbiased. The expectation of the observed values of many samples (“average observation value”) equals the corresponding population parameter.

Explanation:

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