Example: stock market
Reading 10b: Maximum Likelihood Estimates
We have casually referred to the exponential distribution or the binomial distribution or the normal distribution. In fact the exponential distribution exp( ) is not a single distribution but rather a one-parameter family of distributions. Each value of de nes a di erent dis-tribution in the family, with pdf f (x) = e x on [0;1). Similarly, a ...
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