Term: Maximum Likelihood Method

Glossary Definition

Last Updated: 2009-02-26

Definition:

A method used for estimating the parameters of a mathematical model. Given the set of observed data and a probability distribution, it aims at obtaining the most "likely" values of the parameters that maximizes the likelihood function (or the likelihood that a particular population would produce the observed data).

References 

• Katz A, Bogdanovic B, Ekuma O, Soodeen RA, Chateau D, Burnett C. Physician Resource Projection Models . Winnipeg, MB: Manitoba Centre for Health Policy, 2009. [Report] [Summary] (View)

Term used in 

• Finlayson GS, Forget E, Ekuma O, Derksen S, Bond R, Martens P, De Coster C. Allocating Funds for Healthcare in Manitoba Regional Health Authorities: A First Step--Population-Based Funding. Manitoba Centre for Health Policy, 2007. [Report] [Summary] (View)