Birdwatch Note Rating
2025-08-04 15:26:24 UTC - HELPFUL
Rated by Participant: EA55B82874BF100CB1EFF3083CF9B6B09DC655FBCE87C9838FADACDDD4694DA4
Participant Details
Original Note:
The fact that the BLS non-farm payrolls have been revised up and revised down at nearly equal rates is a feature of a good statistical estimate. It means that, on average, the estimate is unbiased, and that the expected value is equal to the true value of the parameter. https://www.statlect.com/glossary/unbiased-estimator
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