Practical Relevance of an Alternative Criterion in Estimation
- 1 August 1985
- journal article
- research article
- Published by Taylor & Francis in The American Statistician
- Vol. 39 (3) , 203-205
- https://doi.org/10.1080/00031305.1985.10479430
Abstract
Some pedagogical and practical examples, both univariate and bivariate, are given in which Pitman's measure of closeness is more relevant than mean squared error. The examples also illustrate interesting characteristics of Pitman's measure of closeness and provide some practical insight into the Rao—Berkson controversy in estimation theory. These examples are given in the hope that some moderation might be practiced in the teaching of mean squared error in modern statistical education.Keywords
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