CFA Practice Question

There are 434 practice questions for this study session.

CFA Practice Question

An estimator whose limit (as the sample size approaches infinity) is the parameter it is intended to estimate is called ______.
A. reliable
B. unbiased
C. consistent
Explanation: An estimator is called consistent if the accuracy (of measuring the parameter) increases as the sample size increases. As the sample size goes toward infinity, the resulting estimate is the population parameter.

User Contributed Comments 1

User Comment
Lambo83 I thought this definition was an unbiased estimator. Can anyone explain what an unbiased estimator is please. Thanks
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