Consider the lognormal distribution with the density function given in Section 6 9 Suppose we have a sample x , x 2 ,, , x n , from a lognormal distribution (a) Write out the likelihood function (b) Develop the maximum likelihood estimators of p and a2 ...

a The likelihood function is m Lx1Xn fx46 t1 i1 1 M 2n2 vi ...

Consider the lognormal distribution with the density function given in Section 6.9. Suppose we have a sample

Question:

Consider the lognormal distribution with the density function given in Section 6.9. Suppose we have a sample x\, x₂,,... , x_n, from a lognormal distribution.

(a) Write out the likelihood function.

(b) Develop the maximum likelihood estimators of p and a2.

Distribution
The word "distribution" has several meanings in the financial world, most of them pertaining to the payment of assets from a fund, account, or individual security to an investor or beneficiary. Retirement account distributions are among the most...