Tag: interval estimation

  • 1. Why Bootstrap?

    1. Why Bootstrap?

    https://i.ytimg.com/vi/STGGniMV0jg/hqdefault.jpg Bootstrapping uses the observed data to simulate resampling from the population. This produces a large number of bootstrap resamples. We can calculate a statistic for each bootstrap resample and use the distribution of the simulated statistics to approximate characteristics of the population. This video lays the foundation for later bootstrap videos. Original source Link…