Updated: Aug 20, 2021

A computer-intensive technique of re-sampling the data to obtain the sampling distribution of a statistic. The initial sample is treated as the population from which samples are drawn repeatedly and randomly, with replacement. These bootstrapped samples are used to compute a statistic, and the resulting empirical distribution of this statistic is interpreted as an approximation to the true sampling distribution.

Reference: Oxford Press Dictonary of Economics, 5th edt.

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James Knight
Editor of Education
James is the Editor of Education for Invezz, where he covers topics from across the financial world, from the stock market, to cryptocurrency, to macroeconomic markets.... read more.