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STATISTICAL ESTIMATION THEORY | ECONOMIC STATISTICS

In this video, we will learn about the fundamental concepts of Statistical Estimation Theory, which explains how to estimate population parameters based on sample data. This topic is essential in economic statistics because it helps researchers and data analysts make accurate decisions using limited information.

💡 Topics covered include:

Definition of statistical estimation

Types of estimation: point estimation and interval estimation

Properties of a good estimator (unbiasedness, efficiency, consistency)

Practical examples in economic analysis

This video is perfect for economics students, researchers, and anyone interested in understanding the basics of statistical inference in a clear and practical way.

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