unbiased
Business
(adjective)
Impartial or without bias or prejudice.
Statistics
(adjective)
impartial or without prejudice
Examples of unbiased in the following topics:
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Using Impartial Language
- In business writing, it is important to communicate the message using impartial or unbiased language.
- In business writing, it is important to communicate the message using impartial or unbiased language.
- Choosing unbiased language avoids offensive language and ensures that the message is effectively communicated.
- Here are a few examples that illustrate the use of unbiased language:
- In business writing, it is important to communicate the message using impartial or unbiased language.
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Variations in Accuracy
- Make sure all sources of information for your speech are accurate, reliable, unbiased, credible, and current.
- " You'll want to make sure your sources are reliable, unbiased, and current.
- To find academic and scholarly sources, asking your local librarian is one of the best ways to validate whether or not a source you have found is reliable, unbiased, and current.
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Introduction to inference for other estimators
- We make another important assumption about each point estimate encountered in this section: the estimate is unbiased.
- A point estimate is unbiased if the sampling distribution of the estimate is centered at the parameter it estimates.
- That is, an unbiased estimate does not naturally over or underestimate the parameter.
- The sample mean is an example of an unbiased point estimate, as are each of the examples we introduce in this section.
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Samples
- An unbiased (representative) sample is a set of objects chosen from a complete sample using a selection process that does not depend on the properties of the objects.
- For example, an unbiased sample of Australian men taller than 2 meters might consist of a randomly sampled subset of 1% of Australian males taller than 2 meters.
- However, one chosen from the electoral register might not be unbiased since, for example, males aged under 18 will not be on the electoral register.
- In an astronomical context, an unbiased sample might consist of that fraction of a complete sample for which data are available, provided the data availability is not biased by individual source properties.
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Accounting Methodologies: Amortized Cost, Fair Value, and Equity
- Fair value, also called fair price, is a concept used in accounting and economics, defined as a rational and unbiased estimate of the potential market price of goods, services, or assets, taking into account such objective factors as:
- Fair value, defined as a rational and unbiased estimate of the potential market price of a good, service, or asset.
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Random Samples
- An unbiased random selection of individuals is important so that in the long run, the sample represents the population.
- A simple random sample is an unbiased surveying technique.
- An unbiased random selection of individuals is important so that, in the long run, the sample represents the population.
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Least-Squares Regression
- It is considered optimal in the class of linear unbiased estimators when the errors are homoscedastic and serially uncorrelated.
- Under these conditions, the method of OLS provides minimum-variance, mean-unbiased estimation when the errors have finite variances.
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Confidence intervals for nearly normal point estimates
- This same logic generalizes to any unbiased point estimate that is nearly normal.
- A confidence interval based on an unbiased and nearly normal point estimate is:
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Policy Adoption
- When reporting and commentary is unbiased it can provide a forum where debate over various cases for policy adoption takes place.
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Characteristics of Estimators
- Scale 2, by contrast, gives unbiased estimates of your weight.
- Therefore the sample mean is an unbiased estimate of μ.
- If N is used in the formula for s2, then the estimates tend to be too low and therefore biased.The formula with N-1 in the denominator gives an unbiased estimate of the population variance.Note that N-1 is the degrees of freedom.