Explain the difference between an estimator and an estimate, and why the least squares estimators are random

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Explain the difference between an estimator and an estimate, and why the least squares estimators are random variables, and why least squares estimates are not.

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Principles Of Econometrics

ISBN: 9781118452271

5th Edition

Authors: R Carter Hill, William E Griffiths, Guay C Lim

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Question Posted: Mar 30, 2024 12:00 AM

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Explain the difference between an estimator and an estimate, and why the least squares estimators are random

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In statistics an estimator is a rule or a method used to estimate an unknown parameter in a statisti...View the full answer

Principles Of Econometrics

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