Question

What is MLE? Describe with example

Answer 1

Hey friend here is your answer

ABBREVIATION for multicutural London English: a London dialect of English, characterized by West Indian and South Asian inflections, and frequent use of slang.

hope it help you ^_^

Answer 2

Interpreting how a model works is one of the most basic yet critical aspects of data science. You build a model which is giving you pretty impressive results, but what was the process behind it? As a data scientist, you need to have an answer to this oft-asked question.

For example, let’s say you built a model to predict the stock price of a company. You observed that the stock price increased rapidly over night. There could be multiple reasons behind it. Finding the likelihood of the most probable reason is what Maximum Likelihood Estimation is all about. This concept is used in economics, MRIs, satellite imaging, among other things.