Parameter Estimation

Once a distribution has been selected, the parameters of the distribution need to be estimated. Several parameter estimation methods are available. This section will present an overview of these methods, starting with the relatively simple method of probability plotting and continuing with the more sophisticated least squares and maximum likelihood methods.

This section includes the following subsections:

• Probability Plotting

• Least Squares Parameter Estimation (Regression Analysis)

• MLE (Maximum Likelihood) Parameter Estimation for Complete Data)

See Also:
Statistical Background

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