Examlex
Write the expression in standard form.
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Consistent
A statistical property indicating that as the size of the sample increases, the estimator converges in probability to the parameter being estimated.
Unbiased Estimators
Statistical estimators that, on average, accurately predict the value of a population parameter without systematic error.
Smallest Variance
The smallest degree of spread or dispersion of observations around the mean in a dataset, indicating less variability.
Relatively Efficient
Refers to a process or system that achieves its goals with comparatively minimal waste of time, resources, or energy.
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