likelihoodcentered
Likelihoodcentered is a term that refers to a philosophical or methodological approach that places a strong emphasis on the concept of likelihood in statistical inference and decision-making. At its core, this perspective posits that the probability of observing the data given a particular hypothesis or model, known as the likelihood, is the most crucial piece of information for drawing conclusions. This contrasts with approaches that might prioritize prior beliefs (Bayesian) or direct probability statements about hypotheses (frequentist p-values).
In practice, a likelihood-centered approach involves analyzing the likelihood function, which quantifies how well different parameters
The likelihood-centered viewpoint is valued for its objectivity and its ability to provide a unified framework