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Math Help - Maximum Likelihood and Logistic Regression

  1. #1
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    Mar 2006
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    Maximum Likelihood and Logistic Regression

    Hello,

    I ran a logistic regression model. This model is based on maximum likelihood estimation. Now I need to explain it to my boss, who is not a Statistician....

    How would you explain, in simple intuitive words, the principle of maximum likelihood in the logistic model ?

    thank you...
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  2. #2
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    Sep 2009
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    Re: Maximum Likelihood and Logistic Regression

    'In general, for a fixed set of data and underlying statistical model, the method of maximum likelihood selects values of the model parameters that produce a distribution that gives the observed data the greatest probability (i.e., parameters that maximize the likelihood function).' -Maximum likelihood, Wikipedia
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