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Old 01-21-2019, 09:57 PM
HealthHoncho HealthHoncho is offline
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Default MLE: Shortcut vs. First Principles

In practicing on ADAPT, I did a problem to estimate the theta parameter of a Weibull. The solution reveled what I've seen in ASM, that there are helpful shortcuts for estimation of a given distribution.
However has anyone who is preparing or passed the exam here think much of the MLE problems on the exam can be accomplished from first principles without killing too much time, if I were to be mixed up on the myriad of shortcuts? In other words, are problems designed in such a way that we should always be able to complete it using first principles in reasonable time?

What do you think?
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