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st: what does mean by log likelihood value


From   dk <statad27@googlemail.com>
To   statalist@hsphsun2.harvard.edu
Subject   st: what does mean by log likelihood value
Date   Fri, 12 Aug 2011 11:17:36 +0200

I just want to know what does it mean by the log likelihood value,
take a example i have  log likelihood  = - 12.03 in one model and in
other = 322.003. what actually this values mean.. these values are
from different examples. In both the examples the model fits to the
data. I want to know what these values mean.

Regards.
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