Define: Maximum Likelihood

UK Accounting Glossary

Definition: Maximum Likelihood



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Full Definition of Maximum Likelihood


Maximum likelihood, also called the maximum likelihood method, is the procedure of finding the value of one or more parameters for a given statistic which makes the known likelihood distribution a maximum.


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Synonyms For Maximum Likelihood


maximum likelihood method


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Maximum Likelihood. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. April 04, 2020 https://payrollheaven.com/define/maximum-likelihood/.
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Maximum Likelihood. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. https://payrollheaven.com/define/maximum-likelihood/ (accessed: April 04, 2020).
American Psychological Association (APA):
Maximum Likelihood. PayrollHeaven.com. Retrieved April 04, 2020, from PayrollHeaven.com website: https://payrollheaven.com/define/maximum-likelihood/

Definition Sources


Definitions for Maximum Likelihood are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 23rd March 2020.