Question: (a) Explain the moment matching principle as an estimation method. (b) Use the MM principle to derive the MM estimator of in the case

(a) Explain the moment matching principle as an estimation method.

(b) Use the MM principle to derive the MM estimator of θ in the case of the simple Laplace statistical model with density function f (x; θ) = 1 2θ e−1

|x|,θ > 0, x ∈ R.

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