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YouTubeRiskByNumbers
Maximum Likelihood Estimation: Clear and Simple Explainer
Maximum likelihood estimation (MLE) is widely used in statistics to model systems and applications. How does it work? This video explains the principles of likelihood functions, MLE and model selection through an intuitive example: should I continue partaking in a coin-flipping bet? 00:00 Video Overview 0:26 Coin Flipping Problem Introduction 1 ...
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