Mathematics
4 years ago

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

Alphanumeric Journal
Modified Exponential Type Estimator for Population Mean Using Auxiliary Variables in Stratified Random Sampling
Gamze Özel

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A new estimator was developed to calculate the average of a population using extra information in random sampling. By comparing it to other methods, the new estimator was found to be more efficient. This means it can give a more accurate estimate of the population average compared to traditional methods.