Mathematics
8 years ago

New estimator boosts accuracy in population mean estimation for systematic sampling!

Statistics in Transition New Series
A ratio-cum-product estimator of finite population mean in systematic sampling
Rajesh Tailor, Narendra Kumar Jatwa, Housila P. Singh

Paper Summary

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The article introduces a new way to estimate the average of a whole population by using information from two other related factors in systematic sampling. The researchers improved an existing method and calculated how accurate their new method is compared to others. They found that their new method is more efficient under certain conditions. They also tested their method in a real-world situation to show that it works well.