What does it mean for an estimator to be unbiased? (Hint: you do not need to state the formal definition of unbiasedness)

MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
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What does it mean for an estimator to be unbiased? (Hint: you do not need to state the formal definition of unbiasedness)

Source
SS
df
MS
Number of obs
%3D
935
F(2, 932)
66.31
Model
19023273.1
2
9511636.56
Prob > F
0.0000
Residual
133692895
932
143447.312
R-squared
0.1246
Adj R-squared
0.1227
Total
152716168
934
163507.675
Root MSE
378.74
wage
Coefficient
Std. err.
t
P>|t|
[95% conf. interval]
IQ
8.503461
.8240927
10.32
0.000
6.886169
10.12075
age
22.19023
3.991491
5.56
0.000
14.35688
30.02358
_cons
-637.3626
159.7452
-3.99
0.000
-950.8645
-323.8608
Transcribed Image Text:Source SS df MS Number of obs %3D 935 F(2, 932) 66.31 Model 19023273.1 2 9511636.56 Prob > F 0.0000 Residual 133692895 932 143447.312 R-squared 0.1246 Adj R-squared 0.1227 Total 152716168 934 163507.675 Root MSE 378.74 wage Coefficient Std. err. t P>|t| [95% conf. interval] IQ 8.503461 .8240927 10.32 0.000 6.886169 10.12075 age 22.19023 3.991491 5.56 0.000 14.35688 30.02358 _cons -637.3626 159.7452 -3.99 0.000 -950.8645 -323.8608
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