In operational risk measurement, the estimation of severity distribution parameters is the main driver of capital estimates, yet this remains a nontrivial challenge for many reasons. Maximum ...

There are three SAS procedures that enable you to do maximum likelihood estimation of parameters in an arbitrary model with a likelihood function that you define: PROC MODEL, PROC NLP, and PROC IML.

This is a preview. Log in through your library . Abstract This paper rigorously establishes that the existence of the maximum likelihood estimate (MLE) in high-dimensional logistic regression models ...