For when you have Missing Data
Resources: https://www.youtube.com/watch?v=3AZDaTN2sCI&ab_channel=VeryNormal
When it is not feasible to wait for more data.
Lets you do Maximum Likelihood Estimation when data is missing.
Goal: Create a educated guess at a parameter.
Condition expectations? Statistical Assumptions: independence
Steps to the cycles: will converge
- Estimation: Derive data
- Maximisation: