A comment to the "rule of thumb" on the slide: from the graph above at least, it seems like inconsistent estimators also have predictable behavior. Is the reason why we don't consider it being that the outcome is not close to the correct result?
A comment to the "rule of thumb" on the slide: from the graph above at least, it seems like inconsistent estimators also have predictable behavior. Is the reason why we don't consider it being that the outcome is not close to the correct result?