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‘In a nutshell, maximum likelihood gives only a point estimate of the parameters, which ignores the more detailed information contained in the curvature and multimodality of the likelihood landscape.’
‘The authors conclude that the breathing reserve index provided the highest point estimate of mortality in patients with cystic fibrosis waiting for lung transplantation.’
‘Although the use of discrete probabilities in a stochastic process certainly has an advantage over a single point estimate, the realistic a priori estimate of the probabilities can be a challenge.’
‘Two-tailed statistical significance was calculated as the frequency of obtaining a correlation coefficient whose absolute value was greater than or equal to the absolute value of the original point estimate.’
‘An advantage of Bayesian methods is the ability to arrive at not only a point estimate of the unknown parameters, but also a distributional estimate.’