Question: Maximum Likelihood: If the parameter is not known but it has been narrowed down to 3 possible values, is the maximum likelihood estimate just the
Maximum Likelihood: If the parameter is not known but it has been narrowed down to 3 possible values, is the maximum likelihood estimate just the value that maximizes the MLE function? For instance, if you solve the MLE function, do you just plug in the 3 values and see which one spits out the highest value from the function?
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