Definition: Unbiased estimate

Category: OECD - Business tendency surveys

A statistic is said to be an unbiased estimate of a given parameter when the mean of the sampling distribution of that statistic can be shown to be equal to the parameter being estimated. http://ec.europa.eu/eurostat/ramon/statmanuals/files/OECD_Business_Tendency_Surveys_Handbook_EN.pdf
Source:
Organization for Economic Cooperation and Development (OECD), "Business Tendency Surveys - A Handbook", OECD, Paris, 2003
Created:
Updated: