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He was one of the first management consultants. Frederick Winslow Taylor March 20 1856 March 21 1915 was an American mechanical engineerHe was widely known for his methods to improve industrial efficiency.
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The point in the parameter space that maximizes the likelihood function is called the.
. In 1911 Taylor summed up his efficiency techniques in his book The Principles of Scientific Management which in 2001 Fellows of the Academy of. In statistics maximum likelihood estimation MLE is a method of estimating the parameters of an assumed probability distribution given some observed dataThis is achieved by maximizing a likelihood function so that under the assumed statistical model the observed data is most probable.
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