Data Science Interview Prep: Q72

Best Estimator for λ in the Exponential Distribution. (Category: Statistics)

Given N i.i.d. samples from an exponential distribution, what is the most appropriate estimator of the rate parameter λ?

Solution:

We hope you found the article both enlightening and valuable! For more insightful content delivered straight to your inbox, simply enter your email address below and hit the subscribe button. Stay tuned for future updates!

Reference:

• MLE for λ in the Exponential Distribution: https://stats.stackexchange.com/questions/497086/how-to-find-a-good-estimator-for-lambda-in-exponential-distibution