If the likelihood function (the prob. model) is correctly specified
Good: for "well-behaved" distributions, established large sample theory, asymptotically unbiased, asymptotic variance, optimal among asymp. unbiased estimates; likelihood ratio methods (tests, interval estimates).
Bad: likelihood surface may have many local maxima ; nuisance parameters
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Controlling Infectious Diseases »Controlling Infectious Diseases
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Research Questions »Research Questions
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Open mathematical/computational problems? »Open mathematical/computational problems?
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Statistical Methods for model selection and parameter estimation »Statistical Methods for model selection and parameter estimation
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Parametric approaches »Parametric approaches
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Maximum likelihood estimation »Maximum likelihood estimation
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If the likelihood function (the prob. model) is correctly specified
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Sensitive to model misspecification »Sensitive to model misspecification
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