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> The next question is why we would want the best and most unbiased. I think those are rather obvious. It's not obvious to me why we want an unbiased estimator
by wfunction 11y ago
> The next question is why we would want the best and most unbiased. I think those are rather obvious.
It's not obvious to me why we want an unbiased estimator actually. A Maximum-Likelihood estimate, for example, seems just as reasonable. Do you have an explanation?
Not just that, but there's also the question of why we're looking for point estimates in the first place. It isn't the correct thing to do, but no one ever gives an explanation.