Point estimation
In the previous chapter, the basic terminology and concepts of parametric point estimation were introduced briefly. In the present chapter, we are going to elaborate extensively on this matter. For brevity, we will use the term estimation rather than parametric point estimation. The methods of estimation to be discussed here are those listed in the first section of the previous chapter; namely, maximum likelihood estimation, estimation through the concepts of unbiasedness and minimum variance (which lead to Uniformly minimum variance unbiased estimates), estimation based on decision-theoretic concepts, and estimation by the method of moments. The method of estimation by way of the principle of least squares is commonly ...
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