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Bayes Estimation: A Review

In statistical inference, the frequentist perspective considers the parameter θ to be a fixed, but unknown quantity. Statistics used for inferential purposes ideally have specific optimal…

From  Jane Harvill 108 plays 0  

Loss Function Optimality

In previous lessons, evaluations of point estimators have been based on their mean squared error (MSE) performance. MSE is a special case of a function called a loss function. The study of the…

From  Jane Harvill 205 plays 0