Maximum Likelihood Estimation (MLE) and Maximum A Posteriori Estimation (MAP)
Introduction I have made several posts about probabilities and distributions. Basic Probability Two Random Variables Chain Rule of Probability Theory Probability Distribution1 Probability Distribution2: Normal distribution Probability Distribution3: Beta and Dirichlet distribution I used arbitrary probabilities and parameters in the series. Something like, "the chance of me going to Paris next year is 70% ( Two Random Variables )", "the mean wait time to enter the Eiffel tower is 60 minutes and variance is 144 ( Probability Distribution2: Normal distribution ) and "the rate of successful task completion by your new colleague is 66% ( Probability Distribution3: Beta and Dirichlet distribution )". All those numbers are arbitrary and random. The goal of this post is to learn how to estimate probabilities and parameters, observing real data points in our hands. The first section of this post shows two important properties for parameter estimation methods: Point es...