Term: Matching (Moments and Percentile)
Last Updated: 2007-11-07
This is one of the methods used in obtaining parameter estimates of a statistical model by equating the theoretical and empirical moments or percentiles. For moment matching for instance, the theoretical mean or standard deviation will be equated to the empirical mean or standard deviation. For percentile matching, the theoretical mode, for example, will be equated to the empirical mode.