PRMIA Exam 8007 Topic 1 Question 7 Discussion

Actual exam question for PRMIA's Mathematical Foundations of Risk Measurement ? 2015 Edition exam

Question #: 7
Topic #: 1

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)

Show Suggested Answer

Suggested Answer: C

by Cordelia at May 07, 2022, 01:02 PM

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