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This note discusses the direct likelihood estimation of ratio parameters. The method is based on the use of nonlinear regression models from the exponential family. The variances of the maximum ...
Abstract We describe the maximum likelihood method for fitting the linear model when residuals are correlated and when the covariance among the residuals is determined by a parametric model containing ...
The line of best fit is an output of regression analysis that represents the relationship between two or more variables in a dataset.
Discover how actuarial science uses math and stats to assess financial risks in insurance and finance, influencing decision-making and risk management.
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