Point estimation rule: given iid sample x from parametric family f(·|θ), estimate θ̂ = argmax_θ L(θ; x) = argmax_θ ∏ f(xᵢ|θ). Consistent and asymptotically efficient under regularity conditions.
Point estimation rule: given iid sample x from parametric family f(·|θ), estimate θ̂ = argmax_θ L(θ; x) = argmax_θ ∏ f(xᵢ|θ). Consistent and asymptotically efficient under regularity conditions.