This is an example of a “shrinkage estimator”, which comes up a lot - introduce some bias but get a smaller MSE. For more, see: https://en.wikipedia.org/wiki/Bessel%27s_correction
This is an example of a “shrinkage estimator”, which comes up a lot - introduce some bias but get a smaller MSE. For more, see: https://en.wikipedia.org/wiki/Bessel%27s_correction