When sample size gets larger, an unbiased point estimator gets closer and closer to the parameter...

When sample size gets larger, an unbiased point estimator gets closer and closer to the parameter it estimates. This property is called:

a.
consistency

b.
relative estimation

c.
efficiency

d.
unbiased efficiency

Expert Solution

Option-A) Consistency

orchestra answered 2 years ago

An unbiased estimator is a statistic that targets the value of the of the population parameter

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