English

Estimating odds and log odds with guaranteed accuracy

Statistics Theory 2025-01-07 v4 Statistics Theory

Abstract

Two sequential estimators are proposed for the odds p/(1-p) and log odds log(p/(1-p)) respectively, using independent Bernoulli random variables with parameter p as inputs. The estimators are unbiased, and guarantee that the variance of the estimation error divided by the true value of the odds, or the variance of the estimation error of the log odds, are less than a target value for any p in (0,1). The estimators are close to optimal in the sense of Wolfowitz's bound.

Keywords

Cite

@article{arxiv.2404.17705,
  title  = {Estimating odds and log odds with guaranteed accuracy},
  author = {Luis Mendo},
  journal= {arXiv preprint arXiv:2404.17705},
  year   = {2025}
}

Comments

18 pages, 3 figures. Minor correction

R2 v1 2026-06-28T16:08:12.397Z