Question: 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

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

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