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SSC Statistics
QUESTION #1987
Question 1
A point estimator \(\hat{\theta}\) is said to be consistent if:
Correct Answer Explanation
Consistency means the estimator converges in probability to the true parameter as sample size increases: \(\lim_{n\to\infty} P(|\hat{\theta} - \theta| > \varepsilon) = 0\) for any \(\varepsilon > 0\). This is a large-sample (asymptotic) property, unlike unbiasedness which is a finite-sample property.
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