Dec 17, 2020
Statisticians have two different words for such values, the one they use depends on what the value ´is used for´.
If the purpose is
- describing properties of a dataset, they use the term ´statistic´;
- estimating parameters of the underlying probability distribution, they use the term ´estimator´.
And for ´true statisticians´ above 2 descriptions is blasfemous talk.
Statisticians don´t speak about datasets and properties but about samples, populations, functions, random variables, …
Contrary to widespread belief, statisticians are normal and fun people. They simply have a strong urge to be as clear and precise as possible (I´m not a statistician btw)😉