What are the advantages of a sufficient statistic can you
Question: 1. What are the advantages of a sufficient statistic? Can you think of a possible disadvantage of sufficiency?
2. Why is consistency an important property?
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question suppose that you have two statistics a and b as possible estimators of the same population parameter estimator
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question 1 what are the advantages of a sufficient statistic can you think of a possible disadvantage of sufficiency2
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question suppose that you have two biased estimators of the same population parameter estimator a has a bias equal to
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