Likelihood, Advanced Statistics

Assignment Help:

Likelihood is the probability of a set of observations provided the value of some parameter or the set of parameters. For instance, the likelihood of the random sample of n observations

450_likelihood.png 

with probability distribution, f(x,θ) which can be  given by
403_likelihood1.png 
This function is the basis of the maximum likelihood estimation. In number of applications the likelihood includes number of parameters, only a few of which are of interest to investigator. The remaining nuisance parameters are essential in order that the model makes the sense physically, but their values are largely irrelevant of the investigation and the conclusions to be made. Since there are troubles in dealing with likelihoods which depend on a large number of incidental parameters (for instance, maximizing the likelihood will be more tough) some form of modified likelihood is sought which comprises as few of the uninteresting parameters as possible. The number of possibilities is available. For instance, the marginal likelihood, removes the nuisance parameters by integrating them out of the likelihood. The profile likelihood with respect to parameters of interest, is the original likelihood, partly maximized with respect to the nuisance parameters. 


Related Discussions:- Likelihood

Generalized additive model, The linear component ηi, de?ned just in the tra...

The linear component ηi, de?ned just in the traditional way: η i = x' 1 A monotone differentiable link function g that describes how E(Yi) = µi is related to the linear compon

Data squashing, An approach to decrease the size of very large data sets in...

An approach to decrease the size of very large data sets in which the data are first 'binned' and then statistics such as the mean and variance/covariance are calculated on each bi

Probability and random processes, how to find the PDF and CDF of a gamma ra...

how to find the PDF and CDF of a gamma random variable with given equation?

Cauchy integral, Cauchy integral : The integral of the function, f (x), fro...

Cauchy integral : The integral of the function, f (x), from a to b are de?ned in terms of the sum   In the statistics this leads to the below shown inequality for the expecte

Case Study, ACC – A pioneer in the Indian cement industry Associated Cemen...

ACC – A pioneer in the Indian cement industry Associated Cement Companies Ltd. (ACC) came into existence in 1936, after the merger of 10 companies belonging to four important bus

Doubly multivariate data, This term is sometimes used for the data collecte...

This term is sometimes used for the data collected in those longitudinal studies in which more than the single response variable is recorded for each subject on each occasion. For

Design, Difference between tretment design and experimental design

Difference between tretment design and experimental design

Historigram, difference between histogram and historigram

difference between histogram and historigram

Describe length-biased sampling, Length-biased sampling : The bias which ar...

Length-biased sampling : The bias which arises in the sampling scheme based on the visits of patient, when some individuals are more likely to be chosen than others simply because

Pre analysis data screening, need answers to questions in book advanced and...

need answers to questions in book advanced and multivariate statistical methods

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd