Limitations of Maximum Likelihood Estimation: Discuss the limitations of maximum likelihood estimation and situations where alternative estimation methods may be more appropriate. Consider scenarios with small sample sizes, sparse data, or non-standard distributions where maximum likelihood estimation may not be optimal. Explore alternative estimation approaches, such as Bayesian estimation or nonparametric methods, that can overcome these limitations. Other Estimation Methods: Investigate the method of moments and discuss the pros and cons between the MLE and the method of moments