How Is the Consistency of Estimators Defined

question 63

Multiple Choice

How is the consistency of estimators defined?

• A)An estimator is consistent if its expected value equals the estimated population parameter.
• B)A consistent estimator approaches the estimated population parameter as the sample size grows larger.
• C)An estimator is consistent if it always gives the correct value of the estimated population parameter.
• D)An unbiased estimator is consistent if its standard error is lower than that of other estimators of the estimated population parameter.

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Definitions:

Comparative Purposes

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A method used in accounting to determine whether all revenues and costs or only the net difference is recorded.

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