What does likelihood function mean?
Definitions for likelihood function
like·li·hood func·tion
This dictionary definitions page includes all the possible meanings, example usage and translations of the word likelihood function.
Wikipedia
Likelihood function
In statistics, the likelihood function (often simply called the likelihood) measures the goodness of fit of a statistical model to a sample of data for given values of the unknown parameters. It is formed from the joint probability distribution of the sample, but viewed and used as a function of the parameters only, thus treating the random variables as fixed at the observed values.The likelihood function describes a hypersurface whose peak, if it exists, represents the combination of model parameter values that maximize the probability of drawing the sample obtained. The procedure for obtaining these arguments of the maximum of the likelihood function is known as maximum likelihood estimation, which for computational convenience is usually done using the natural logarithm of the likelihood, known as the log-likelihood function. Additionally, the shape and curvature of the likelihood surface represent information about the stability of the estimates, which is why the likelihood function is often plotted as part of a statistical analysis.The case for using likelihood was first made by R. A. Fisher, who believed it to be a self-contained framework for statistical modelling and inference. Later, Barnard and Birnbaum led a school of thought that advocated the likelihood principle, postulating that all relevant information for inference is contained in the likelihood function. But even in frequentist and Bayesian statistics, the likelihood function plays a fundamental role.
Numerology
Chaldean Numerology
The numerical value of likelihood function in Chaldean Numerology is: 5
Pythagorean Numerology
The numerical value of likelihood function in Pythagorean Numerology is: 4
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"likelihood function." Definitions.net. STANDS4 LLC, 2024. Web. 30 Apr. 2024. <https://www.definitions.net/definition/likelihood+function>.
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