Module :Understanding of applications of renewal theory, Stationary Process with discrete and continuous parameters
Lecture 20:New Multi-Stage Sampling Procedure
batch # 1
batch # 2
.
.
batch # k-1
and
batch # k
After the sampling stops we find the estimator of
using
.
One should note that the value of
(for JC method) or
and
(for BJC or BCJ) would depend on two important factors which are (i) expected regret, i.e., the difference between the estimated risk and its actual value (which is denoted by w) and (ii) number of sampling operations.
using
. 
(for JC method) or
and
(for BJC or BCJ) would depend on two important factors which are (i) expected regret, i.e., the difference between the estimated risk and its actual value (which is denoted by w) and (ii) number of sampling operations. 
