What is the likelihood in the context of maximum likelihood or Bayesian method for fitting a probabilty distribution?

Question

What is the  likelihood  in the context of maximum likelihood or Bayesian method for fitting a probabilty distribution?

Accepted Answer

The probablity of the data given a set of parameters

Answer

How likely a flood is to occur

Answer

The knowledge you have about the parameters before the analysis

Answer

The final set of parameters for the probability distribution

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