Statistics & Probability · Level 2 of 5
Likelihood
The probability or density of observed data viewed as a function of model parameters.
It is not generally a probability distribution over those parameters.
Example
Different coin-bias values are compared using the observed flips.
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Likelihood. The probability or density of observed data viewed as a function of model parameters. It is not generally a probability distribution over those parameters. For example: Different coin-bias values are compared using the observed flips.
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This helps you interpret numerical evidence without overstating what it establishes.
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