A comprehensive definition and exploration of the term 'statistic' within the field of economics.
A theory of the limiting behavior of estimators and functions of estimators as sample size increases
Definition and meaning of the Best Linear Unbiased Estimator (BLUE) in statistics and econometrics.
An overview of Maximum Likelihood Estimator (MLE), a method used to estimate unknown parameters of a distribution by maximizing the likelihood function of the sample.
An estimator of the unknown parameters of a distribution obtained by solving equations equating moments of distribution to their sample counterparts.
