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Concept
Log-Likelihood
Log-likelihood is a measure used in
statistical models
to evaluate the
probability of observing the given data
under
specific model parameters
, expressed as the
natural logarithm
of the
likelihood function
. It simplifies the process of finding
maximum likelihood estimates
by transforming
products into sums
, making
calculations more manageable
and
numerically stable
.
Relevant Degrees
Probability and Statistics 100%
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