S4E02 Underachievers, Overachievers, & Maximum Likelihood Estimation
Quantitude
I Love Model Comparisons
In the maximum likelihood world, the idea is that if we have two models whose goal it is to explain why the data are the way that they are, the better model should yield an overall higher likelihood. And again, in getting an insid in where some of our terminology has come from,. We talk about likelihood ratio tests. The lot of you have had this in class. You've done it yourself. Well, that's what we're doing. We're comparing the likelihoods.
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