If There Are Two Unbiased Estimators of the Same Parameter,the

question 77

Short Answer

If there are two unbiased estimators of the same parameter,the one whose variance is smaller is said to be relatively more ____________________.

---

Definitions:

Purchasing Power

The value of a currency expressed in terms of the amount of goods or services that one unit of money can buy.

Human Resource Management

The strategic approach to the effective management of people in an organization, which helps their business gain a competitive advantage.

Workplace Governance

Systems and processes implemented in a work environment to manage operations, ensure legal compliance, and promote ethical standards.

Democratic Society

A form of society that is based on the principles of democracy, where power is exercised either directly by the people or through elected representatives.