What does efficient estimator mean?
Definitions for efficient estimator
ef·fi·cient es·ti·ma·tor
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Wikipedia
Efficient estimator
In statistics, an efficient estimator is an estimator that estimates the quantity of interest in some “best possible” manner. The notion of “best possible” relies upon the choice of a particular loss function — the function which quantifies the relative degree of undesirability of estimation errors of different magnitudes. The most common choice of the loss function is quadratic, resulting in the mean squared error criterion of optimality.
Numerology
Chaldean Numerology
The numerical value of efficient estimator in Chaldean Numerology is: 8
Pythagorean Numerology
The numerical value of efficient estimator in Pythagorean Numerology is: 8
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"efficient estimator." Definitions.net. STANDS4 LLC, 2024. Web. 19 Apr. 2024. <https://www.definitions.net/definition/efficient+estimator>.
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