A generalization of the method of moments estimator applicable when the number of moment conditions exceeds the number of parameters to be estimated, computed by minimizing the sum of squared differences between the population moments and the sample moments.
A method for estimating unknown parameters by minimizing the sum of squared differences between observed and predicted values in a model.
Parameter Estimation: Understanding the Process of Estimating Population Parameters from Sample Data
Explore the fundamentals of Parameter Estimation, the process used in statistics to estimate the values of population parameters using sample data, including historical context, methods, importance, and real-world applications.
