The Method of Maximum Likelihood Estimation (MLE) Is Used to ________

question 6

Short Answer

The method of maximum likelihood estimation (MLE) is used to ________ the parameters of a logit model.

---

Definitions:

UCC Article 2

Part of the Uniform Commercial Code that governs the sale of goods, providing a framework of rules and regulations for merchants and others engaged in commerce.

Security Interests

Legal claims on assets granted to creditors as collateral for the extension of credit, securing payment obligations.

Personal Property

Movable assets or belongings that are not classified as real estate; includes tangible items like cars and jewelry, and intangible assets such as stocks and bonds.

Security Interest

A legal claim or right granted by a debtor to a creditor over the debtor's property, serving as collateral for the repayment of a loan.