Point estimators - PowerPoint PPT Presentation

Estimation

Estimation. Estimators &amp; Estimates. Estimators are the random variables used to estimate population parameters, while the specific values of these variables are the estimates . Example: the estimator of m is often. but if the observed values of X are 1, 2, 3, and 6, the estimate is 3.

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STATISTICAL INFERENCE

STATISTICAL INFERENCE. Statistical Inference uses sample data and statistical procedures to: Estimate population parameters; or Test whether or not a population parameter is likely to satisfy some specified value. STATISTICAL INFERENCE. Estimation of population parameters

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