ppose you have two independent unbiased estimators of the same parameter, θ, say θandθ, with different variances, v ∧ 1 ∧ 2 1 and v2. What linear combination, = cθ∧ 1θ∧ 1+ c2θ∧ 2 is the minimum variance unbiased estimator of θ?
ppose you have two independent unbiased estimators of the same parameter, θ, say θandθ, with different variances, v ∧ 1 ∧ 2 1 and v2. What linear combination, = cθ∧ 1θ∧ 1+ c2θ∧ 2 is the minimum variance unbiased estimator of θ?
Chapter1: Introducing The Economic Way Of Thinking
Section1.A: Applying Graphics To Economics
Problem 6SQ
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Subject: Economics
1. Suppose you have two independent unbiased estimators of the same parameter, θ, say θandθ, with different variances, v ∧ 1 ∧ 2 1 and v2. What linear combination, = cθ∧ 1θ∧ 1+ c2θ∧ 2 is the minimum variance unbiased estimator of θ?
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