A point estimator is a statistic used to estimate a population parameter. The properties of a point estimator are:
1. *Unbiasedness*: The estimator's expected value equals the population parameter.
2. *Consistency*: The estimator converges to the population parameter as the sample size increases.
3. *Efficiency*: The estimator has the smallest variance among all unbiased estimators.
4. *Sufficiency*: The estimator uses all available information in the sample.
5. *Completeness*: The estimator is based on a complete statistic, which contains all information about the parameter.
6. *Minimum variance bound*: The estimator achieves the lowest possible variance among all unbiased estimators.
7. *Asymptotic normality*: The estimator is approximately normally distributed as the sample size increases.
8. *Asymptotic efficiency*: The estimator achieves the lowest possible variance in large samples.
9. *Consistent asymptotic normality*: The estimator is asymptotically normal and consistent.
10. *Second-order efficiency*: The estimator is efficient up to a second-order approximation.
11. *Median unbiasedness*: The estimator's median equals the population parameter.
12. *Pitman closeness*: The estimator is closest to the population parameter in terms of average squared error.
13. *Asymptotic unbiasedness*: The estimator is unbiased in large samples.
14. *Finite sample property*: The estimator has good properties in small samples.
15. *Robustness*: The estimator is insensitive to outliers and misspecification.
These properties ensure that a point estimator is reliable, accurate, and efficient in estimating population parameters.
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