A Robust Estimator Is One That Is

question 149

Multiple Choice

A robust estimator is one that is:

• A)unbiased and symmetrical about zero.
• B)consistent and is also mound-shaped.
• C)efficient and less spread out.
• D)not sensitive to moderate nonnormality.

---

Definitions:

Determinants

Factors or variables that cause changes in an economic model's behavior or outcomes.

Standards Of Living

The degree of wealth, comfort, material goods, and necessities available to a certain socioeconomic class or a certain geographic area.

Vast Oil Reserves

Large accumulations of underground oil that can be commercially extracted.

Economic Progress

Improvements in the standard of living and economic health of a society, often measured by factors such as GDP growth, technological innovation, and increased productivity.