Before using these variance estimates, what must we calculate?

Camille Flynn

Camille Flynn

Answered question

2022-05-28

Before using these variance estimates, what must we calculate?

Answer & Explanation

stormsteghj

stormsteghj

Beginner2022-05-29Added 11 answers

Before using any variance estimate we should check whether it is biased or unbiased and calculate the standard error of the estimate. The variance estimate with the least standard error is considered best i.e. its efficiency.
Also before using a variance estimate especially in a significance test, we must calculate the degrees of freedom.

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