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Maximum likelihood - meaning and illustration



Maximum likelihood

📘 TABLE OF CONTENTS



1. Synonyms, etymology, translation, definition, examples and notes

1.1.  Subject field:

  1. Fisheries management.    (🏛 Hierarchy:   Fisheries > Fisheries management )

1.2. 🇫🇷 French translation of maximum likelihood:

  1. Probabilité maximale

1.3. Definition of maximum likelihood in fisheries:


Image: Definition of maximum likelihood

Maximum likelihood: A statistical criterion for the estimation of parameters in models. The method aims to maximize the likelihood (probability) of having collected the observed data, given predictions from a model. For example, VPA tuning often involves finding the estimates of abundance and mortality rates that maximize the likelihood for the observed standardised CPUE.

2. Notes on maximum likelihood

Under some conditions, the methods of Maximum Likelihood and Least Squares give similar results. (Freund and Walpole 1987)


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3. Terms related to maximum likelihood: