Economy, asked by hridaydimpuu2, 3 months ago

explain the principle of maximum likelihood method of estimation

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Answered by Anonymous
11

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In statistics, maximum likelihood estimation (MLE) is a method of estimating the parameters of a probability distribution by maximizing a likelihood function, so that under the assumed statistical model the observed data is most probable.

Answered by mrsanjusingh78
3

Answer:

In statistics, maximum likelihood estimation (MLE) is a method of estimating the parameters of a probability distribution by maximizing a likelihood function, so that under the assumed statistical model the observed data is most probable.

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