What is the abbreviation for maximum likelihood?
Looking for the shorthand of maximum likelihood? This page is about the various possible meanings of the acronym, abbreviation, shorthand or slang term: maximum likelihood.
What does maximum likelihood mean?
- Maximum likelihood
- In statistics, maximum-likelihood estimation is a method of estimating the parameters of a statistical model. When applied to a data set and given a statistical model, maximum-likelihood estimation provides estimates for the model's parameters. The method of maximum likelihood corresponds to many well-known estimation methods in statistics. For example, one may be interested in the heights of adult female penguins, but be unable to measure the height of every single penguin in a population due to cost or time constraints. Assuming that the heights are normally distributed with some unknown mean and variance, the mean and variance can be estimated with MLE while only knowing the heights of some sample of the overall population. MLE would accomplish this by taking the mean and variance as parameters and finding particular parametric values that make the observed results the most probable. In general, for a fixed set of data and underlying statistical model, the method of maximum likelihood selects the set of values of the model parameters that maximizes the likelihood function. Intuitively, this maximizes the "agreement" of the selected model with the observed data, and for discrete random variables it indeed maximizes the probability of the observed data under the resulting distribution. Maximum-likelihood estimation gives a unified approach to estimation, which is well-defined in the case of the normal distribution and many other problems. However, in some complicated problems, difficulties do occur: in such problems, maximum-likelihood estimators are unsuitable or do not exist.
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"maximum likelihood." Abbreviations.com. STANDS4 LLC, 2021. Web. 18 Sep. 2021. <https://www.abbreviations.com/maximum%20likelihood>.