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7:02
YouTube
Mount Insurmountable
Maximum Likelihood Estimate (MLE) clearly explained with Excel example
Maximum Likelihood Estimation (MLE) is term one hears often when fitting models. This video uses a very simple coin based example to explain the fundamental principle of the method and why it is called Maximum Likelihood Estimate. Once the understanding on MLE is clear using this example, one can move ahead to see how it is used in a more ...
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