MLE of the Beta distribution:
MLE of the Beta distribution
Description
MLE of the Beta distribution.
Usage
beta.mle(x, tol = 1e-09)
Arguments
x
A numerical vector with proportions, i.e. numbers in (0, 1) (zeros and ones are not allowed).
tol
The tolerance level up to which the maximisation stops.
Value
A list including:
A list including:
Details
Maximum likelihood estimation of the parameters of the beta distribution is performed via Newton-Raphson. The distribution and hence the function does not accept zeros.