Categories

Dec 31, 2019 in Data Science
Q:

Which of the following is/ are true about  “Maximum Likelihood estimate (MLE)”?

  1. MLE may not always exist
  2. MLE always exists
  3. If MLE exist, it (they) may not be unique
  4. If MLE exist, it (they) must be unique

1 Answer

Dec 31, 2019

Solution: C

The MLE may not be a turning point i.e. may not be a point at which the first derivative of the likelihood (and log-likelihood) function vanishes.

Click here to read more about Loan/Mortgage
Click here to read more about Insurance

Related questions

Madanswer
Jul 10 in Python
Apr 29 in React JS
Feb 12 in JAVA
...