What is a Robust Estimate?
12/06/2022 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS
Robust estimates are statistical procedures used to reduce uncertainty in the results of analyses. They are used to minimize the risk that a coincident estimate will be applied. Robust estimates are often less sensitive to outliers than are concordant estimates, meaning that they are less prone to failure when a small number of data are unusual.