We study in econometrics that a BLUE estimator avoids both Type I and Type II errors, today we will see… Read more Type I and Type II Errors: Monte Carlo Simulations

# Tag: Monte Carlo

# Biasness of Estimator – Revisited – Residual Analysis

In my previous blog about Checking Biasness of Estimator using Monte Carlo used three cases which are following Intercept in population… Read more Biasness of Estimator – Revisited – Residual Analysis

# Monte Carlo Experiments: Checking Biasness of an Estimator

Statisticians use Monte Carlo (MC) simulation method to test the performance if an estimator or its test statistic. The steps… Read more Monte Carlo Experiments: Checking Biasness of an Estimator