Question

anyone knows, what does true value of theta means in statistics?

Answer 1

in applied statistics theta is oftem used to represent an unspecified parameter of a population. is this the context of you rquestion?

Answer 2

i wanna know the meaning of true value.. :)

Answer 3

to answer that we would need to know if theta is a parameter

Answer 4

yes. theta is the parameter

Answer 5

point estimates are used to estimate the exact value for population parameters. point estimates come from samples and parameters represent true and usually unknown exact values that are difficult or impossible to ever know.

Answer 6

i should have written "point estimates and interval estimates are used..."

Answer 7

let me think bout it.. thank you...