Probstat/notes/parameter estimation

This is part of probstat.

Previously we tried to estimate the population means and variances using the sample means and variances. In this section, we shall see the justification why what we did makes sense.

There are many ways to estimate parameters.

Method of moment estimators

See also wikipedia article.

This is probably the simplest estimators. However, they are often biased (as we shall show in the example).