CONCEPT OF ESTIMATION

Institution Kenyatta University
Course BACHELORS OF ECONOMI...
Year 1st Year
Semester Unknown
Posted By stephen oyake rabilo
File Type pdf
Pages 41 Pages
File Size 3.42 MB
Views 1788
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Description

1.1 Introduction In this lesson we introduce the concept of estimation and distinguishing between parameters and statistics. Two types of methods of estimation will also be discussed. 1.2 Learning Outcomes By the end of this lesson the learner will be able to: 1.2.1 Explain the concept of estimation of parameters using sample characteristics or statistics. 1.2.2 Distinguish between point and interval estimations
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