Which of the following is true of maximum likelihood methods
A. They calculate the maximum possible values for parameters
B. They calculate parameters that give the highest probability of past data occurring
C. They calculate values for key variables that are most likely to occur in the future
D. They involve a multivariate regression analysis
B
Maximum likelihood methods are concerned with estimating parameter values by searching for the values that maximize the chance of observed data occurring.
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The level of merchandise exports coming from Africa decreased between 1980 and 2010.
a. true b. false
When considering VA loans, the unique feature about down payments which are required is:
A: They are never more than 3% of the CRV; B: There is no down payment; C: They are determined by the CRV; D: They vary according to the amount borrowed.