Best Unbiased Estimator
In statistics a minimum-variance unbiased estimator (MVUE) or uniformly minimum-variance unbiased estimator (UMVUE) is an unbiased estimator that has lower variance than any other unbiased estimator for all possible values of the parameter. For practical statistics problems, it is important to determine the MVUE if one exists, since less-than-optimal procedures would naturally be avoided, other things being equal. This has led to substantial development of statistical theory related to the problem of optimal estimation. While combining the constraint of unbiasedness with the desirability metric of least variance leads to good results in most practical settings—making MVUE a natural starting point for a broad range of analyses—a targeted specification may perform better for a given problem; thus, MVUE is not always the best stopping point. Definition Consider estimation of g(\theta) based on data X_1, X_2, \ldots, X_n i.i.d. from some member of a family of densities p_\theta, ... [...More Info...]       [...Related Items...]     OR:     [Wikipedia]   [Google]   [Baidu]   |
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Statistics
Statistics (from German language, German: ''wikt:Statistik#German, Statistik'', "description of a State (polity), state, a country") is the discipline that concerns the collection, organization, analysis, interpretation, and presentation of data. In applying statistics to a scientific, industrial, or social problem, it is conventional to begin with a statistical population or a statistical model to be studied. Populations can be diverse groups of people or objects such as "all people living in a country" or "every atom composing a crystal". Statistics deals with every aspect of data, including the planning of data collection in terms of the design of statistical survey, surveys and experimental design, experiments.Dodge, Y. (2006) ''The Oxford Dictionary of Statistical Terms'', Oxford University Press. When census data cannot be collected, statisticians collect data by developing specific experiment designs and survey sample (statistics), samples. Representative sampling as ... [...More Info...]       [...Related Items...]     OR:     [Wikipedia]   [Google]   [Baidu]   |
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Sample Mean
The sample mean (or "empirical mean") and the sample covariance are statistics computed from a Sample (statistics), sample of data on one or more random variables. The sample mean is the average value (or mean, mean value) of a sample (statistics), sample of numbers taken from a larger Statistical population, population of numbers, where "population" indicates not number of people but the entirety of relevant data, whether collected or not. A sample of 40 companies' sales from the Fortune 500 might be used for convenience instead of looking at the population, all 500 companies' sales. The sample mean is used as an estimator for the population mean, the average value in the entire population, where the estimate is more likely to be close to the population mean if the sample is large and representative. The reliability of the sample mean is estimated using the standard error, which in turn is calculated using the variance of the sample. If the sample is random, the standard error fa ... [...More Info...]       [...Related Items...]     OR:     [Wikipedia]   [Google]   [Baidu]   |
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U-statistic
In statistical theory, a U-statistic is a class of statistics that is especially important in estimation theory; the letter "U" stands for unbiased. In elementary statistics, U-statistics arise naturally in producing minimum-variance unbiased estimators. The theory of U-statistics allows a minimum-variance unbiased estimator to be derived from each unbiased estimator of an ''estimable parameter'' (alternatively, ''statistical functional'') for large classes of probability distributions. An estimable parameter is a measurable function of the population's cumulative probability distribution: For example, for every probability distribution, the population median is an estimable parameter. The theory of U-statistics applies to general classes of probability distributions. History Many statistics originally derived for particular parametric families have been recognized as U-statistics for general distributions. In non-parametric statistics, the theory of U-statistics is used to esta ... [...More Info...]       [...Related Items...]     OR:     [Wikipedia]   [Google]   [Baidu]   |
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Bias–variance Tradeoff
In statistics and machine learning, the bias–variance tradeoff is the property of a model that the variance of the parameter estimated across samples can be reduced by increasing the bias in the estimated parameters. The bias–variance dilemma or bias–variance problem is the conflict in trying to simultaneously minimize these two sources of error that prevent supervised learning algorithms from generalizing beyond their training set: * The ''bias'' error is an error from erroneous assumptions in the learning algorithm. High bias can cause an algorithm to miss the relevant relations between features and target outputs (underfitting). * The ''variance'' is an error from sensitivity to small fluctuations in the training set. High variance may result from an algorithm modeling the random noise in the training data (overfitting). The bias–variance decomposition is a way of analyzing a learning algorithm's expected generalization error with respect to a particular problem ... [...More Info...]       [...Related Items...]     OR:     [Wikipedia]   [Google]   [Baidu]   |
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Best Linear Unbiased Estimator
Best or The Best may refer to: People * Best (surname), people with the surname Best * Best (footballer, born 1968), retired Portuguese footballer Companies and organizations * Best & Co., an 1879–1971 clothing chain * Best Lock Corporation, a lock manufacturer * Best Manufacturing Company, a farm machinery company * Best Products, a chain of catalog showroom retail stores * Brihanmumbai Electric Supply and Transport, a public transport and utility provider * Best High School (other) Acronyms * Berkeley Earth Surface Temperature, a project to assess global temperature records * BEST Robotics, a student competition * BioEthanol for Sustainable Transport * Bootstrap error-adjusted single-sample technique, a statistical method * Bringing Examination and Search Together, a European Patent Office initiative * Bronx Environmental Stewardship Training, a program of the Sustainable South Bronx organization * Smart BEST, a Japanese experimental train * Brihanmumbai Electric ... [...More Info...]       [...Related Items...]     OR:     [Wikipedia]   [Google]   [Baidu]   |
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Cramér–Rao Bound
In estimation theory and statistics, the Cramér–Rao bound (CRB) expresses a lower bound on the variance of unbiased estimators of a deterministic (fixed, though unknown) parameter, the variance of any such estimator is at least as high as the inverse of the Fisher information. Equivalently, it expresses an upper bound on the precision (the inverse of variance) of unbiased estimators: the precision of any such estimator is at most the Fisher information. The result is named in honor of Harald Cramér and C. R. Rao, but has independently also been derived by Maurice Fréchet, Georges Darmois, as well as Alexander Aitken and Harold Silverstone. An unbiased estimator that achieves this lower bound is said to be (fully) '' efficient''. Such a solution achieves the lowest possible mean squared error among all unbiased methods, and is therefore the minimum variance unbiased (MVU) estimator. However, in some cases, no unbiased technique exists which achieves the bound. This may occur ... [...More Info...]       [...Related Items...]     OR:     [Wikipedia]   [Google]   [Baidu]   |
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German Tank Problem
In the statistical theory of estimation theory, estimation, the German tank problem consists of estimating the maximum of a discrete uniform distribution from sampling without replacement. In simple terms, suppose there exists an unknown number of items which are sequentially numbered from 1 to ''N''. A random sample of these items is taken and their sequence numbers observed; the problem is to estimate ''N'' from these observed numbers. The problem can be approached using either frequentist inference or Bayesian inference, leading to different results. Estimating the population maximum based on a ''single'' sample yields divergent results, whereas estimation based on ''multiple'' samples is a practical estimation question whose answer is simple (especially in the frequentist setting) but not obvious (especially in the Bayesian setting). The problem is named after its historical application by Allied forces in World War II to the estimation of the monthly rate of German tank prod ... [...More Info...]       [...Related Items...]     OR:     [Wikipedia]   [Google]   [Baidu]   |
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Sample Maximum
In statistics, the sample maximum and sample minimum, also called the largest observation and smallest observation, are the values of the greatest and least elements of a sample. They are basic summary statistics, used in descriptive statistics such as the five-number summary and Bowley's seven-figure summary and the associated box plot. The minimum and the maximum value are the first and last order statistics (often denoted ''X''(1) and ''X''(''n'') respectively, for a sample size of ''n''). If the sample has outliers, they necessarily include the sample maximum or sample minimum, or both, depending on whether they are extremely high or low. However, the sample maximum and minimum need not be outliers, if they are not unusually far from other observations. Robustness The sample maximum and minimum are the ''least'' robust statistics: they are maximally sensitive to outliers. This can either be an advantage or a drawback: if extreme values are real (not measurement errors), a ... [...More Info...]       [...Related Items...]     OR:     [Wikipedia]   [Google]   [Baidu]   |
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Discrete Uniform Distribution
In probability theory and statistics, the discrete uniform distribution is a symmetric probability distribution wherein a finite number of values are equally likely to be observed; every one of ''n'' values has equal probability 1/''n''. Another way of saying "discrete uniform distribution" would be "a known, finite number of outcomes equally likely to happen". A simple example of the discrete uniform distribution is throwing a fair dice. The possible values are 1, 2, 3, 4, 5, 6, and each time the die is thrown the probability of a given score is 1/6. If two dice are thrown and their values added, the resulting distribution is no longer uniform because not all sums have equal probability. Although it is convenient to describe discrete uniform distributions over integers, such as this, one can also consider discrete uniform distributions over any finite set. For instance, a random permutation is a permutation generated uniformly from the permutations of a given length, and a unif ... [...More Info...]       [...Related Items...]     OR:     [Wikipedia]   [Google]   [Baidu]   |
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Mid-range
In statistics, the mid-range or mid-extreme is a measure of central tendency of a sample defined as the arithmetic mean of the maximum and minimum values of the data set: :M=\frac. The mid-range is closely related to the range, a measure of statistical dispersion defined as the difference between maximum and minimum values. The two measures are complementary in sense that if one knows the mid-range and the range, one can find the sample maximum and minimum values. The mid-range is rarely used in practical statistical analysis, as it lacks efficiency as an estimator for most distributions of interest, because it ignores all intermediate points, and lacks robustness, as outliers change it significantly. Indeed, for many distributions it is one of the least efficient and least robust statistics. However, it finds some use in special cases: it is the maximally efficient estimator for the center of a uniform distribution, trimmed mid-ranges address robustness, and as an L-estima ... [...More Info...]       [...Related Items...]     OR:     [Wikipedia]   [Google]   [Baidu]   |
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Uniform Distribution (continuous)
In probability theory and statistics, the continuous uniform distribution or rectangular distribution is a family of symmetric probability distributions. The distribution describes an experiment where there is an arbitrary outcome that lies between certain bounds. The bounds are defined by the parameters, ''a'' and ''b'', which are the minimum and maximum values. The interval can either be closed (e.g. , b or open (e.g. (a, b)). Therefore, the distribution is often abbreviated ''U'' (''a'', ''b''), where U stands for uniform distribution. The difference between the bounds defines the interval length; all intervals of the same length on the distribution's support are equally probable. It is the maximum entropy probability distribution for a random variable ''X'' under no constraint other than that it is contained in the distribution's support. Definitions Probability density function The probability density function of the continuous uniform distribution is: : f(x)=\begin ... [...More Info...]       [...Related Items...]     OR:     [Wikipedia]   [Google]   [Baidu]   |
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Unbiased Estimation Of Standard Deviation
In statistics and in particular statistical theory, unbiased estimation of a standard deviation is the calculation from a statistical sample of an estimated value of the standard deviation (a measure of statistical dispersion) of a population of values, in such a way that the expected value of the calculation equals the true value. Except in some important situations, outlined later, the task has little relevance to applications of statistics since its need is avoided by standard procedures, such as the use of significance tests and confidence intervals, or by using Bayesian analysis. However, for statistical theory, it provides an exemplar problem in the context of estimation theory which is both simple to state and for which results cannot be obtained in closed form. It also provides an example where imposing the requirement for unbiased estimation might be seen as just adding inconvenience, with no real benefit. Motivation In statistics, the standard deviation of a population ... [...More Info...]       [...Related Items...]     OR:     [Wikipedia]   [Google]   [Baidu]   |