What does it mean for an estimator to be consistent? Why do you think this is important

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What does it mean for an estimator to be consistent? Why do you think this is important and what does it have to do with the variation in the value of the estimate?

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Introductory Regression Analysis With Computer Application For Business And Economics

ISBN: 9780415899338

1st Edition

Authors: Allen Webster

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Question Posted: Feb 27, 2024 03:04 AM

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What does it mean for an estimator to be consistent? Why do you think this is important

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Consistency of an Estimator An estimator is considered consistent if as the sample size increases indefinitely the estimator converges in probability ...View the full answer

Introductory Regression Analysis With Computer Application For Business And Economics

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