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August 31, 2024 4 min read Definitions

Maximum Likelihood Estimation (MLE): Method to Estimate Parameters by Maximizing the Likelihood Function

Statistics Mathematics MLE Statistics Estimation Likelihood Parameters

A comprehensive look at Maximum Likelihood Estimation (MLE), a method used to estimate the parameters of a statistical model by maximizing the likelihood function. This article covers its historical context, applications, mathematical foundation, key events, comparisons, and examples.