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We consider discrete default intensity based and logit type reduced form models for conditional default probabilities for corporate loans where we develop simple closed form approximations to the maximum likelihood estimator (MLE) when the…

Econometrics · Economics 2020-01-01 Anand Deo , Sandeep Juneja

The Maximum Likelihood Estimator (MLE) serves an important role in statistics and machine learning. In this article, for i.i.d. variables, we obtain constant-specified and sharp concentration inequalities and oracle inequalities for the MLE…

Statistics Theory · Mathematics 2022-12-13 Xiaowei Yang , Xinqiao Liu , Haoyu Wei

In the last decade, there has been a growing interest to use Wishart processes for modelling, especially for financial applications. However, there are still few studies on the estimation of its parameters. Here, we study the Maximum…

Statistics Theory · Mathematics 2016-04-18 Aurélien Alfonsi , Ahmed Kebaier , Clément Rey

Mixture of autoregressions (MoAR) models provide a model-based approach to the clustering of time series data. The maximum likelihood (ML) estimation of MoAR models requires the evaluation of products of large numbers of densities of normal…

Computation · Statistics 2016-10-19 Hien D Nguyen , Geoffrey J McLachlan , Pierre Orban , Pierre Bellec , Andrew L Janke

We study maximum likelihood estimation in Gaussian graphical models from a geometric point of view. An algebraic elimination criterion allows us to find exact lower bounds on the number of observations needed to ensure that the maximum…

Statistics Theory · Mathematics 2012-05-30 Caroline Uhler

This paper continues our earlier investigations into the inversion of random functions in a general (abstract) setting. In Section 2 we investigate a concept of invertibility and the invertibility of the composition of random functions. In…

Probability · Mathematics 2007-05-23 Mike A. Steel , Laszlo A. Szekely

We consider estimation of the covariance matrix of a multivariate random vector under the constraint that certain covariances are zero. We first present an algorithm, which we call Iterative Conditional Fitting, for computing the maximum…

Statistics Theory · Mathematics 2010-03-04 Sanjay Chaudhuri , Mathias Drton , Thomas S. Richardson

Maximum Likelihood (ML) offers attractive alternatives to Generalized Method of Moments (GMM) estimators for dynamic panel data models. However, to date no identification-robust inference methods exist that can be used in conjunction with…

Econometrics · Economics 2025-12-16 Hugo Kruiniger

Skew normal model suffers from inferential drawbacks, namely singular Fisher information in the vicinity of symmetry and diverging of maximum likelihood estimation. To address the above drawbacks, Azzalini and Arellano-Valle (2013)…

Methodology · Statistics 2024-01-25 Jian Zhang , Tong Wang

Consider the mean-field spin models where the Gibbs measure of each configuration depends only on its magnetization. Based on the Stein and Laplace methods, we give a new and short proof for the scaling limit theorems with convergence rate…

Probability · Mathematics 2025-03-18 Van Hao Can , Adrian Röllin

This paper presents some results on the maximum likelihood (ML) estimation from incomplete data. Finite sample properties of conditional observed information matrices are established. They possess positive definiteness and the same Loewner…

Methodology · Statistics 2022-07-26 Budhi Arta Surya

Estimation of the mean vector and covariance matrix is of central importance in the analysis of multivariate data. In the framework of generalized linear models, usually the variances are certain functions of the means with the normal…

Methodology · Statistics 2023-01-25 Anupam Kundu , Mohsen Pourahmadi

Temporal Point Processes (TPP) with partial likelihoods involving a latent structure often entail an intractable marginalization, thus making inference hard. We propose a novel approach to Maximum Likelihood Estimation (MLE) involving…

Machine Learning · Computer Science 2019-12-20 Amrith Setlur , Barnabás Póczós

We study holonomic gradient decent for maximum likelihood estimation of exponential-polynomial distribution, whose density is the exponential function of a polynomial in the random variable. We first consider the case that the support of…

Statistics Theory · Mathematics 2014-09-17 Jumpei Hayakawa , Akimichi Takemura

This article presents maximum likelihood estimators (MLEs) and log-likelihood ratio (LLR) tests for the eigenvalues and eigenvectors of Gaussian random symmetric matrices of arbitrary dimension, where the observations are independent…

Statistics Theory · Mathematics 2009-01-22 Armin Schwartzman , Walter F. Mascarenhas , Jonathan E. Taylor

We consider 1-dimensional location estimation, where we estimate a parameter $\lambda$ from $n$ samples $\lambda + \eta_i$, with each $\eta_i$ drawn i.i.d. from a known distribution $f$. For fixed $f$ the maximum-likelihood estimate (MLE)…

Statistics Theory · Mathematics 2022-07-20 Shivam Gupta , Jasper C. H. Lee , Eric Price , Paul Valiant

This paper proposes a novel exact maximum likelihood (ML) estimation method for general Gaussian processes, where all parameters are estimated jointly. The exact ML estimator (MLE) is consistent and asymptotically normally distributed. We…

Statistics Theory · Mathematics 2025-09-08 Tetsuya Takabatake , Jun Yu , Chen Zhang

This paper proves the consistency property for the regularized maximum likelihood estimators (MLEs) of multivariate Hawkes processes (MHPs). It also develops an alternating minimization type algorithm (AA-iPALM) to compute the MLEs with…

Probability · Mathematics 2018-10-09 Xin Guo , Anran Hu , Renyuan Xu , Junzi Zhang

The idea of maximizing the likelihood of the observed range for a set of jointly realized counts has been employed in a variety of contexts. The applicability of the MLE introduced in [1] has been extended to the general case of a…

Statistics Theory · Mathematics 2011-11-18 Plamen Markov

We revisit the classical problem of deriving convergence rates for the maximum likelihood estimator (MLE) in finite mixture models. The Wasserstein distance has become a standard loss function for the analysis of parameter estimation in…

Statistics Theory · Mathematics 2022-06-22 Tudor Manole , Nhat Ho