Maximum Likelihood Explains Mean vs Median
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YouTubeThe Nerd Guild
Maximum Likelihood Explains Mean vs Median
Most people learn to use the mean or the median, but very few know that mathematics can actually prove which one is correct. In this video, we use Maximum Likelihood Estimation (MLE) to show why Gaussian (normal) noise naturally leads to minimizing squared error—and why that makes the mean the optimal estimate. Then we change one assumption ...
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