Method of Moments (statistics)

Method Of Moments (statistics)

In statistics, the method of moments is a method of estimation of population parameters such as mean, variance, median, etc. (which need not be moments), by equating sample moments with unobservable population moments and then solving those equations for the quantities to be estimated.

Read more about Method Of Moments (statistics):  Methodology, Example, Advantages and Disadvantages of This Method

Famous quotes containing the words method and/or moments:

    Too poor for a bribe, and too proud to importune,
    He had not the method of making a fortune.
    Thomas Gray (1716–1771)

    It is an immense loss to have all robust and sustaining expletives refined away from one! At ... moments of trial refinement is a feeble reed to lean upon.
    Alice James (1848–1892)