A Deeper Dive into Likelihood
Likelihood is seen in many places in JMP reports. But, what does it mean? These videos introduce the likelihood function, and then show how JMP uses the likelihood function for estimation, inference ...
Likelihood is seen in many places in JMP reports. But, what does it mean? These videos introduce the likelihood function, and then show how JMP uses the likelihood function for estimation, inference ...
High correlation in predictor variables can harm your linear regression model. This problem is called collinearity or multi-collinearity. The first video is an overview of collinearity, ho...
High correlation in predictor variables can harm your linear regression model. This problem is called collinearity or multi-collinearity. The first video is an overview of collinearity, how to understand it, how to detect it, how it is related to the VIF (Variance Inflation Factor) shown in JMP reports and how to interpret VIF. The second video shows how to use Principal Components Analysis to b...
Likelihood is seen in many places in JMP reports. But, what does it mean? These videos introduce the likelihood function, and then show how JMP uses the likelihood function for estimation, inference and model comparison. The Likelihood Function (8:33)Maximum Likelihood Estimation (8:44) Likelihood Ratio Tests (9:56) Model Comparison (8:08)