The Professor's Response
Hi, I'm very, very confused with identifying whether an estimator is biased or unbiased. Can you explain how to identify if its biased or unbiased?
See the professor's answer below.
Hi Travis,
This is a really simple idea. If k is used to estimate A, then k is unbiased as long as the expected value of k is A. So if E(k) = A, k is unbiased as an estimate of A. If it were something like, E(k) = A + 6, k would be biased as an estimator of A.
Sincerely,
Professor McGuckian