75 % (71 Review)
You will have to create a new formula in a cell in the Data sheet of EstimatingS- DErrors.xls that computes the squared deviation of each sample’s RMSE from the SD Errors parameter. Create another cell that does the same thing for the SD of the Residuals. Find the average of the squared deviations of the estimates from the true parameter value. The empirical average is a good approximation to the expected value with a large number of repetitions. Take a picture of your results and paste it in a Word document. What do you conclude?
Get immediate access to 24/7 Homework Help, step-by-step solutions, instant homework answer to over 40 million Textbook solution and Q/A
Pay $7.00/month for Better Grades