Peter Math on Instagram: "Maximum Likelihood Estimation (MLE) is a method in statistics used to find the values of parameters that make the observed data most probable. Imagine you have a model that describes how data might be generated—MLE helps you adjust the model’s parameters so that the actual data you’ve collected is as likely as possible under that model. It’s like fine-tuning a lens until the data fits the clearest possible version of reality the model can offer. MLE is widely used in ma