When using the equation Estimate - Actual result = Error to collect data,it is possible to evaluate estimators in terms of _____.
A)how close their total error is to zero
B)how dispersed are their errors
C)whether their errors tend to be biased
D)all of the above

Question

Quizplus · Accepted Answer

The equation Estimate - Actual result = Error can be used to evaluate estimators in terms of how close their total error is to zero (option A), how dispersed their errors are (option B), and whether their errors tend to be biased (option C). Therefore, option D, i.e., all of the above, is the best choice.

When Using the Equation Estimate - Actual Result = Error