asked 232k views
2 votes
Why are unbiased estimators preferred over biased estimators?

1 Answer

3 votes

Answer:

Generally an unbiased statistic is preferred over a biased statistic. This is because there is a long run tendency of the biased statistic to under/over estimate the true value of the population parameter. Unbiasedness does not guarantee that an estimator will be close to the population parameter.

Explanation:

answered
User Sleexed
by
8.5k points
Welcome to Qamnty — a place to ask, share, and grow together. Join our community and get real answers from real people.