Difference between Estimate and Estimator ?


It is a Random Variable. So its value depends on the outcome of some experiment, and it has a statistical distribution.


It's value is Constant. It is the value taken by an estimator, given a particular set of sample data.

  • One ESTIMATE will never give you multiple ESTIMATORS but one ESTIMATOR will give you multiple ESTIMATES.
  • ESTIMATOR can be a good or bad, but ESTIMATE can never be good or bad.


Popular posts from this blog

Role of Generalised Linear Model in Non Life Pricing - Phase1

What is the difference between Select Mortality and Ultimate Mortality?

Role of Generalised Linear Model in Non-Life Pricing - Phase 2