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About: Minimum-distance estimation     Goto   Sponge   NotDistinct   Permalink

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Minimum-distance estimation (MDE) is a conceptual method for fitting a statistical model to data, usually the empirical distribution. Often-used estimators such as ordinary least squares can be thought of as special cases of minimum-distance estimation. While consistent and asymptotically normal, minimum-distance estimators are generally not statistically efficient when compared to maximum likelihood estimators, because they omit the Jacobian usually present in the likelihood function. This, however, substantially reduces the computational complexity of the optimization problem.