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### Subjective Assessment of Several Estimates Based on Relative Precision-ECO6416

Course: ECO 6416, Spring 2011
School: UCF
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Assessment Subjective of Several Estimates Based on Relative Precision In many cases, we may wish to compare several estimates of the same parameter. The simplest approach is to measure the closeness among the estimates in an attempt to determine that at least one of the estimates is more r than times the parameter away from the parameter, where r is a subjective, non-negative number less than one. You might like...

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Assessment Subjective of Several Estimates Based on Relative Precision In many cases, we may wish to compare several estimates of the same parameter. The simplest approach is to measure the closeness among the estimates in an attempt to determine that at least one of the estimates is more r than times the parameter away from the parameter, where r is a subjective, non-negative number less than one. You might like to use Subjective Assessment of Estimates to isolate any inaccurate estimate. By repeating the same process you might be able to remove all inaccurate estimates.
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