Tag: Likelihood

Likelihood is a confusing term. Likelihood is not a probability, but is proportional to a probability; the two terms can’t be used interchangeably. In this post, we will be dissecting likelihood as a concept and understand it’s importance in machine learning. Intuition Let us under...

In 2018-19 season, Liverpool FC won 30 matches out of 38 matches in Premier league. Having this data, we’d like to make a guess at the probability that Liverpool FC wins a match in the next season. The simplest guess here would be 30/38 = 79%, which is the best possible guess based on ...

The Likelihood-Ratio Test (LRT) is a statistical test used to compare the goodness of fit of two models based on the ratio of their likelihoods. This article will use the LRT to compare two models which aim to predict a sequence of coin flips in order to develop an intuitive understanding of the wha...