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In simple english what is the methods of moment estimator technique all about.

  1. Aug 18, 2010 #1
    1. The problem statement, all variables and given/known data

    There is no question I want to know what it actually means in basic english.

    2. Relevant equations

    u = sum E(x)/n = ehat

    3. The attempt at a solution

    The parameter average is the method of moments estimator. I don't know what any of this means. Please help.
     
  2. jcsd
  3. Aug 18, 2010 #2

    vela

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    The example in Wikipedia may help.

    http://en.wikipedia.org/wiki/Method_of_moments_(statistics [Broken])
     
    Last edited by a moderator: May 4, 2017
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