Bayesian estimation and maximum likelihood methods represent two central paradigms in modern statistical inference. Bayesian estimation incorporates prior beliefs through Bayes’ theorem, updating ...
In this paper, we propose the copula-based maximum likelihood (ML) approach to estimate the multiple stochastic frontier (SF) models with correlated composite errors. The motivation behind the ...
Problems of maximum likelihood estimation are discussed for shape and scale parameters from certain decreasing hazard rate distributions, typically either mixed-exponential or "work-hardened." ...