What are the estimation methods and their properties, and the edge they have over others, especially the maximum likelihood estimator?

04 May 2024 1 1K Report

what are the estimation methods and their properties, and the edge they have over others, especially the maximum likelihood estimator?

what is multinomial logistic regression and its properties ?

why do we make use of a penalizer when fitting our models?

Chuck A Arize

Estimation methods like maximum likelihood, method of moments, and Bayesian estimation each have unique properties and advantages. Maximum likelihood estimation is favored for its efficiency in large samples and robustness under certain conditions, including asymptotic normality and efficiency compared to other methods in many cases.

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