Question: true or false? Justify your answer with some sentence each (a) The maximum likelihood estimation maximizes the sum of squared residuals. (b) Maximum likelihood estimation

true or false? Justify your answer with some sentence each

(a) The maximum likelihood estimation maximizes the sum of squared residuals.

(b) Maximum likelihood estimation always yields a unique solution (i.e., parameter estimates).

(c) It is appropriate to use a binary discrete variable as a dependent variable using OLS.

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