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When we say car values, we’re actually referring to thepotential price the car could sell at in the local market. So the car value categories are tightly associated with the ways you trade it. Basically there’re4 kinds of car values that we often use: Auction value: If you want to p...
4. The maximum likelihood estimator (MLE) tries to maximize the pdf with respect to unknown parameters for given values of x and use those parameters as estimates i.e., θˆ, ωˆ = argmθ,aωx p(x; θ, ω) 5. Finally, the estimate of θ is given by least-squares solution ...