An unbiased estimate does not naturally over or underestimate the parameter. Rather, it tends to provide a "good" estimate. The sample mean is an example of an unbiased point estimate, as are each of ...An unbiased estimate does not naturally over or underestimate the parameter. Rather, it tends to provide a "good" estimate. The sample mean is an example of an unbiased point estimate, as are each of the examples we introduce in this section. Finally, we will discuss the general case where a point estimate may follow some distribution other than the normal distribution. We also provide guidance about how to handle scenarios where familiar statistical techniques are insufficient.
