7 Day 7 (June 13)

7.1 Announcements

• Questions about assignment 2

7.2 Estimation

• Three options to estimate $\boldsymbol{\beta}$
  • Minimize a loss function
  • Maximize a likelihood function
  • Find the posterior distribution
  • Each option requires different assumptions

7.3 Loss function approach

• Finish up notes from yesterday
• Live example
  • Research publication
  • Data
  • R Script