Efficiency (statistics) (source code)

= Efficiency
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= Statistical efficiency
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Statistical efficiency compares the precision of procedures estimating the same <estimand>. For unbiased <estimators>, relative efficiency is commonly a ratio of their <variances>; lower variance means more information from the same sample size. An <efficient estimator> attains a relevant information lower bound. A baseline-adjusted <linear regression> can improve precision in a <randomized controlled trial> by removing prognostic variation.