Maximum likelihood
method of estimating the parameters of a statistical model, given observations From Wikipedia, the free encyclopedia
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Maximum likelihood estimation (or maximum likelihood) is the name used for a number of ways to guess the parameters of a parametrised statistical model. These methods pick the value of the parameter in such a way that the probability distribution makes the observed values very likely. The method was mainly developed by R.A.Fisher in the early 20th century. A likelihood estimation, where probabilities are known beforehand is known as Maximum a posteriori estimation.
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