An in-depth exploration of Full Information Maximum Likelihood (FIML) estimation, including its history, types, key events, explanations, mathematical models, charts, importance, applicability, examples, related terms, comparisons, and more.
The likelihood function expresses the probability or probability density of a sample configuration given the joint distribution, focused as a function of parameters, facilitating inferential statistical analysis.
A method of estimation of a single equation in a linear simultaneous equations model based on the maximization of the likelihood function, subject to the restrictions imposed by the structure.
