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Maximum likelihood estimators have a desirableinvarianceproperty. That is, ifis the MLE of, and=g() is some transformation, then the MLE ofis =g(). Explain the intuition behind
- Maximum likelihood estimators have a desirableinvarianceproperty. That is, ifis the MLE of, and=g() is some transformation, then the MLE ofis =g(). Explain the intuition behind this fact.
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