
#1
Apr2010, 07:50 AM

P: 80

Hey All,
I am comfortable with the idea of biased and unbiased estimators, but what I don't understand is why you would ever want to use a biased estimator ? at the end of the day doesn't it mean that the sample statistic is different from the population statistic you are trying to estimate ? 



#2
Apr2010, 08:19 AM

Mentor
P: 14,433





#3
Apr2010, 08:28 AM

P: 80

So does that mean you never really want a biased estimator, but sometimes practical issues force you to work with one ?




#4
Apr2010, 08:33 AM

Mentor
P: 14,433

biased and unbiased estimators
Exactly.




#5
Apr2010, 09:28 AM

P: 80

cool thanks D H



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