Examlex
List three points that need to be kept in mind when reading news stories about GDP.
Sample Mean
The average of all data points in a sample, used as an estimate of the population mean.
Unbiased Estimators
Statistical estimators whose expected value is equal to the parameter being estimated.
Variance
A measure of the dispersion indicating how much the values in a data set differ from the mean.
Relatively Efficient
Describes a statistical estimator or procedure that has lower variance or better performance compared to others under certain conditions.
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