Which of the following statements are true about Maximum Likelihood Estimation?

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Which of the following statements are true about Maximum Likelihood Estimation?

(i) MLE can be applied even if the error terms are not i.i.d. normal.

(ii) MLE involves integrating a likelihood function or a log-likelihood function.

(iii) MLE yields parameter estimates that are consistent.
A . (i) and (ii)
B . (i) only
C . (i) and (iii)
D . (i), (ii), and (iii)

Answer: C