Template:Normal distribution maximum likelihood estimation: Difference between revisions

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===Maximum Likelihood Estimation===
#REDIRECT [[The_Normal_Distribution]]
As it was outlined in chapter [[Parameter Estimation]], maximum likelihood estimation works by developing a likelihood function based on the available data and finding the values of the parameter estimates that maximize the likelihood function. This can be achieved by using iterative methods to determine the parameter estimate values that maximize the likelihood function. This can be rather difficult and time-consuming, particularly when dealing with the three-parameter distribution.  Another method of finding the parameter estimates involves taking the partial derivatives of the likelihood function with respect to the parameters, setting the resulting equations equal to zero, and solving simultaneously to determine the values of the parameter estimates. The log-likelihood functions and associated partial derivatives used to determine maximum likelihood estimates for the normal distribution are covered in [[Appendix: Distribution Log-Likelihood Equations]].

Latest revision as of 09:06, 3 August 2012

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