单词 | efficiency of estimators |
释义 | efficiency of estimatorsDefinition The level of efficiency of a mathematical model used to produce estimations based on observed data. The efficiency of an estimator is calculated according to a "best possible" approach, defined by a loss function that assigns numerical values to different magnitudes of estimation error. Measuring the efficiency of estimators is necessary when choosing an estimator that produces the most accurate estimates for a given statistical process. |
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