Question

List out characteristics of a good estimator.

Answer 1

Properties of Good Estimator

Unbiasedness. An estimator is said to be unbiased if its expected value is identical with the population parameter being estimated. ...

Consistency. If an estimator, say θ, approaches the parameter θ closer and closer as the sample size n increases, θ is said to be a consistent estimator of θ. ...

Efficiency. ...

Sufficiency.

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