As an alternative to imposing unbiasedness, an estimator's distribution can be centered by requiring that its median

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As an alternative to imposing unbiasedness, an estimator's distribution can be "centered" by requiring that its median be equal to the unknown parameter θ. If it is, ˆ θ is said to be median unbiased. Let Y1, Y2, . . . , Yn be a random sample of size n from the uniform pdf, fY(y; θ) = 1/θ, 0 ≤ y ≤ θ. For arbitrary n, is ˆθ = n + 1/n・Ymax median unbiased? Is it median unbiased for any value of n?

Distribution
The word "distribution" has several meanings in the financial world, most of them pertaining to the payment of assets from a fund, account, or individual security to an investor or beneficiary. Retirement account distributions are among the most...
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