Point Estimation - Point Estimators

Point Estimators

  • minimum-variance mean-unbiased estimator (MVUE), minimizes the risk (expected loss) of the squared-error loss-function.
    • best linear unbiased estimator (BLUE)
  • minimum mean squared error (MMSE)
  • median-unbiased estimator, minimizes the risk of the absolute-error loss function
  • maximum likelihood (ML)
  • method of moments, generalized method of moments

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Famous quotes containing the word point:

    If twins are believed to be less intelligent as a class than single-born children, it is not surprising that many times they are also seen as ripe for social and academic problems in school. No one knows the extent to which these kind of attitudes affect the behavior of multiples in school, and virtually nothing is known from a research point of view about social behavior of twins over the age of six or seven, because this hasn’t been studied either.
    Pamela Patrick Novotny (20th century)