Mathematics
8 years ago

New estimator boosts accuracy in population mean estimation for better decision-making.

American Journal of Operational Research
Searching Efficient Estimator of Population Mean in Stratified Random Sampling
Subhash Kumar Yadav, Sheela Misra, S.S. Mishra, Alok Kumar Shukla

Paper Summary

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The article presents a new way to estimate the average of a population using a method called stratified random sampling. The researchers found the best constant value to minimize errors in their estimation. They compared their method to others in the field and showed that it performs well. An experiment was conducted to demonstrate the effectiveness of their approach.