Discussion focus on insensitivity to violation of the relevant assumption underlying the application of econometrics methods.
I would like to suggest to read the document included in the following link:
https://civil4m.com/threads/what-is-estimate-and-qualities-of-a-good-estimator.4901
@Jorge thank you for your contributions.
Hi Olatunji
A good estimator is one which is unbiased and consistent.
All the best
An estimator is a random variable and an estimate is a number (that is the computed value of the estimator). ... Similarly we deal with point estimation of p. Similarly, the sample median would be a natural point estimator for the population median.
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