Likelihood Ratio Test

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August 31, 2024 5 min read Definitions
Likelihood Ratio Test: A Statistical Test for Model Comparison
Statistics Mathematics Likelihood Ratio Test Hypothesis Testing Statistical Models Maximum Likelihood Estimation Chi-Square Distribution
The Likelihood Ratio Test is used to compare the fit of two statistical models using the ratio of their likelihoods, evaluated at their maximum likelihood estimates. It is instrumental in hypothesis testing within the realm of maximum likelihood estimation.
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