To the practicing statisticians out there: Is BLUE at all relevant in the field? Even if you can formulate your data/problem as a linear regression, wouldn’t maximum likelihood estimation still be the preferred method in most scenarios?
Gauss-Markov-Style meme
Submitted 2 days ago by merari42@lemmy.world to science_memes@mander.xyz
https://lemmy.world/pictrs/image/9a671069-f8b9-4e67-84c9-da90477bcc9f.jpeg
Comments
montechristo@feddit.org 1 day ago
merari42@lemmy.world 1 day ago
OLS is well used in a lot of domains. If you have a continuous outcome you have a straightforward and very easy way to get a quick reliable estimate of some interesting parameter. The typical use in most social sciences is to implement some sort of difference-in-differences (or DiD event-study) estimate within a simple linear regression.
Bishma@discuss.tchncs.de 2 days ago
Yo, listen up, here’s a story
About a little guy that lives in a BLUE world
And all day and all night and everything he sees is just Best Linear Unbiased Estimator
Da-ba-dee, da-ba-di, da-ba-dee, da-ba-di