We often hear conflicting statistics about the likelihood of clients needing long-term care, what kind of care they are likely to need and — most importantly — how much that care will cost. But there ...

Risk management involves a three-step procedure: hazard identification, risk assessment, and risk mitigation in case of unacceptable risk levels. In fact, the hazard identification process should ...

Local likelihood estimation has proven to be an effective method for obtaining estimates of parameters that vary with a covariate. To obtain useful estimates of such parameters, approximating models ...

The rapid accumulation of genome sequence data has made phylogenetics an indispensable tool to various branches of biology. However, it has also posed considerable statistical and computational ...

In this article the problem of obtaining the maximum likelihood estimates of the parameters from a special type of linear combination of discrete probability functions is discussed. It is shown that ...

This is the third in a three-part series. See the first post here. In previous posts, I introduced likelihood neglect bias and explained how it can hinder us from forming accurate judgments about the ...