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

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)

View Answer

Answer: C