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Biased and unbiased estimatorsby thrillhouse86
Tags: biased estimators 
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#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

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P: 15,173




#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

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P: 15,173

Biased and unbiased estimators
Exactly.



#5
Apr2010, 09:28 AM

P: 80

cool thanks D H



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