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Author Question: Why is a point estimate alone insufficient for providing a probabilistic estimate of a parameter? (Read 89 times)

haydenjmcm

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on: Feb 26, 2023
Why is a point estimate alone insufficient for providing a probabilistic estimate of a parameter?

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Because a point estimate only estimates the parameter, it will never provide us with its value.


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Although the point estimate provides a good guess for the parameter, it is a single value and, for a continuous variable, the probability the parameter equals this single value is 0.


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The calculation of the point estimate is too fraught with uncertainty to provide an accurate probability estimate.


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A point estimate is too static to accurately estimate a dynamic parameter.

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Marked as best answer by haydenjmcm on Feb 26, 2023

msgero

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Reply #1 on: Feb 26, 2023
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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haydenjmcm

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Reply 2 on: Feb 26, 2023
Thanks for the timely response, appreciate it

lindahyatt42

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Reply 3 on: Yesterday
Excellent

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