Question

Consider the following statements: Statement-I: The method of moments provides consistent estimators of population moments. Statement-II: From the Weak Law of Large Numbers, it follows that $\frac{1}{n}\sum_{i=1}^n x_i^j \xrightarrow{P} E(X_j)$ provided $E(X_j)$ exists. Which one of the following is correct in respect of the above Statements?

Pick an option to check your answer. In a mock test a wrong answer here costs 0.83 mark.

Accepted Answer

(A) Statement-I and Statement-II are individually correct and Statement-II is the correct explanation of Statement-I.