estimator
Let be samples (with observations ) from a distribution with probability density function , where is a real-valued unknown parameter (http://planetmath.org/StatisticalModel) in . Consider as a random variable
and let be its realization.
An estimator for is a statistic
that is used to, loosely speaking, estimate . Any value of is called an estimate of .
Example.Let be iid from a normal distribution . Here the two parameters are the mean and the variance
. The sample mean is an estimator of , while the sample variance is an estimator of . In addition, sample median, sample mode, sample trimmed mean are all estimators of . The statistic defined by
where is a sample median, is another estimator of .