Maximum Likelihood for the Exponential Distribution, Clearly Explained!!!
StatQuest with Josh Starmer
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Statistics, Machine Learning, Data Science, and AI seem like very scary topics, but since each technique is really just a combination of small and simple steps, they are actually quite simple. My goal with StatQuest is to break down the major methodologies into easy-to-understand pieces. That said, I don't dumb down the material. Instead, I build up your understanding so that you are smarter. Contact, Video Index, Etc: https://statquest.org
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This StatQuest shows you how to calculate the maximum likelihood parameter for the Exponential Distribution. This is a follow up to the StatQuests on Probability vs Likelihood https://youtu.be/pYxNSUDSFH4 and Maximum Likelihood: https://youtu.be/XepXtl9YKwc Viewers asked for a worked out example, so this is pretty mathy, but I just couldn't say "no"! For a complete index of all the StatQuest videos, check out: https://statquest.org/video-index/ If you'd like to support StatQuest, please consider... Patreon: https://www.patreon.com/statquest ...or... YouTube Membership: https://www.youtube.com/channel/UCtYLUTtgS3k1Fg4y5tAhLbw/join ...buying one of my books, a study guide, a t-shirt or hoodie, or a song from the StatQuest store... https://statquest.org/statquest-store/ ...or just donating to StatQuest! https://www.paypal.me/statquest Lastly, if you want to keep up with me as I research and create new StatQuests, follow me on twitter: https://twitter.com/joshuastarmer #statquest #MLE #statistics
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