Desirable Estimator Properties: Unbiased Standard Error Estimate

Question 1

Definition:

Answer 1

Not Applicable for Flash Cards

Question 2

Interpretation:

Answer 2

On average, the sample standard error of the sample parameter estimate is equal to the population standard error of the sample parameter estimate.

Question 3

Implications of absence…for hypothesis testing:

Answer 3

Not possible.

Question 4

Implications of absence……for forecasting:

Answer 4

Possible, though it will not be possible to establish a confidence interval for the forecast.

Question 5

Implications of absence…for sensitivity analysis:

Answer 5

Possible, though it will not be possible to establish a confidence interval for the sensitivity