Estimation

Jan Ubøe

Chapter 8 in Introductory Statistics for Business and Economics, 2017, pp 159-175 from Springer

Abstract: Abstract In this chapter we will try to find the values of unknown parameters in our models from observations. We know for example that there is a probability p of errors in a shipment of goods, but we do not know the exact value. This requires a line of approach which is different from what we have been using so far. In the previous chapters the distribution was known, and the purpose of the distribution was to compute the probabilities of special events. Now we will assume that only parts of the distribution are known, and we need to develop strategies to fill the gaps.

Date: 2017
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DOI: 10.1007/978-3-319-70936-9_8

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