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There are four main properties associated with a "good" estimator. These are:
1) Unbiasedness: the expected value of the estimator (or the mean of the estimator) is simply the figure being estimated. In statistical terms, E(estimate of Y) = Y.
2) Consistency: the estimator converges in probability with the estimated figure. In other words, as the sample size approaches the population size, the estimator gets closer and closer to the estimated.
3) Efficiency: The estimator has a low variance, usually relative to other estimators, which is called relative efficiency. Otherwise, the variance of the estimator is minimized.
4) Robustness: The mean-squared errors of the estimator are minimized relative to other estimators.
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What properties should cupronickel have so it makes a good coin?
i dnt knw tell me i want to know
What are 3 good things about a battery?
Battery are very good source of DC Supply it has following properties 1- No ripples 2- No line regulation 3- storage(it can be used during power failure).
Why are super cooled metals good conductors?
Super cooled metals are good conductors because their super cooled properties allow them to conduct electric currents without resistance. This means no loss of energy.
Is it true or false that the physical properties of minerals are properties that are visually identifiable?
Only some properties are visually identifiable: color for example.
What is standard method of measurement used for?
The Standard Method of Measurement is used for the measurement of construction works. It gives guidelines as to what should be measured for various parts of the construction process. It allows for estimators to measure works in a standard format for easy preparation of a Bill of Quantities nad easy comparisson of tenders.
Who is the patron saint of estimators?
There is no patron saint of estimators.
Are free income tax estimators as good as paid estimators?
Yes, a free income tax estimator can be as good as a paid income tax estimator. A tax estimator just allows you to have an estimate of your tax return.
What has the author Soo-Bin Park written?
Soo-Bin Park has written: 'Some sampling properties of the restricted reduced-form estimators'
Where can one find construction estimators in California?
There are many construction estimators in California. The best construction estimators can be found with the help of websites such as Home Advisor and Thumb Tack.
How does a traffic estimator operate?
Traffic estimators give you an estimate of how many readers you can expect to get with a published article. All of this depends on the type of keywords you use and how well you use them in your article. Most estimators will help you generate good keywords to put into your articles as well.
Why do estimators need to visit the site of the proposed work before pricing the tender?
Why do estimators need to visit the site of the proposed work before pricing the tender?
Which websites offer reasonably accurate tax return estimators?
Accurate tax estimators can be found on www.turbotax.com and hrblock.com. Some other websites are www.taxact.com and www.taxbrain.com
Estimator?
Cost estimators are vital to the financial success of manufacturers, builders, and businesses. It’s the responsibility of an estimator to accurately access and analyze the costs to complete any given project. Estimators must factor in the cost of equipment, materials, supplies, labor, profit margin, and unexpected events, such as shipping delays and weather. The vast majority of estimators work within the construction industry, however, many are employed by manufacturers and government agencies.Estimator TrainingBecause there is no formal degree for cost estimators, some companies prefer candidates with a strong work history or a bachelor’s degree in a related field. Candidates with a bachelor’s degrees in accounting, business, construction, economics, engineering and statistics have successfully become professional estimators. Many of these fields include cost estimating classes at the undergraduate level. Government agencies and some companies require estimators to complete a voluntary professional certification. Professional estimator certifications are issued by various organizations, including the American Society of Professional Estimators, the Association for the Advancement of Cost Engineering, and the Society of Cost Estimating and Analysis. To qualify for certification, estimators must pass a written exam and have two years of work experience as an estimator.Careers as an EstimatorApproximately 60% of estimators work within the construction industry with the remainder employed by manufacturers. The most successful cost estimators can be promoted to project manager or go on to an independent consulting career. Due to the nature of the industry, estimators are required to work in the office and in the field. After performing an on-site analysis, estimators return to the office to prepare a full report and bid. In large companies, estimators may act as intermediaries between executives, subcontractors, and partners.Average Salary for EstimatorsOn average, cost estimators earn between $55,000 and $60,000 annually depending on the industry. Estimators in entry-level positions earned more than $33,000 in 2008, however, the highest-paid estimators earned $94,000. Due to growth in the construction industry and the need for additional infrastructure, job openings for cost estimators are projected to grow rapidly over the next decade. According to the Bureau of Labor Statistics, more than 55,000 new job openings for cost estimators are expected by 2018.
In the presence of heteroscedasticity OLS estimators are biased as well as inefficient?
They are still unbiased however they are inefficient since the variances are no longer constant. They are no longer the "best" estimators as they do not have minimum variance
What brands of electricity bill estimators are there?
Consumerpowers, Csgnetwork, getrichslowly are all very trusted and highly recommend electricity bill estimators which are on the internet. There are some other supplies but not with the same trustworthiness.
What has the author Thomas N Phelan written?
Thomas N. Phelan has written: 'Investigation into the Electrical Estimators' Association, an alleged combine of electrical contractors in the city of Toronto' -- subject- s -: Electrical Estimators' Association
What if my estimate tax refund is incorrect?
Tax refund estimators are just that, estimators. If the amount it gives you seems off, run it again. Getting the most accurate refund can be done by scheduling a visit with a tax professional.
