DATABASE FUNDAMENTALS
BASICS OF BIG DATA
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Only statement 1 is true
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Only statement 2 is true
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Both statements are true
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Both statements are false
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Detailed explanation-1: -Maximum Likelihood Estimation is a probabilistic framework for solving the problem of density estimation. It involves maximizing a likelihood function in order to find the probability distribution and parameters that best explain the observed data.
Detailed explanation-2: -Maximum likelihood provides a consistent approach to parameter estimation problems. This means that maximum likelihood estimates can be developed for a large variety of estimation situations. For example, they can be applied in reliability analysis to censored data under various censoring models.
Detailed explanation-3: -Maximum likelihood estimation is a method that determines values for the parameters of a model. The parameter values are found such that they maximise the likelihood that the process described by the model produced the data that were actually observed.