Hi, here's some information after fitting my measurements to a lognormal distribution. I assume the log logistics number is a measure of how well the distributions fits, is that correct?
What exactely does it mean that the log likelyhood is -67.175?? As of my understanding the log likelihood, is the natural logaritm of the likelihood function, which is the probability that these measurements comes from this distribution??
1. is that correct?
2. why is it negative?
3. How can i decide if this is a good distribution fit? (graphically it looks satisfying, im not in a need for extremely exact numbers for what im going to use them for)
Log likelihood: -67.175
Domain: 0 < y < Inf
Parameter Estimate Std. Err.
mu 2.19313 0.0208669
sigma 0.135233 0.0150259
Estimated covariance of parameter estimates:
mu 0.000435428 -2.49709e-018
sigma -2.49709e-018 0.000225778