likelihood

Meanings

1. 1
   noun

   The chance or probability that something will happen.

   In all likelihood, the meeting will be cancelled because of the storm.

2. 2
   noun

   In statistics, a measure of how well a particular set of values explains observed data.

   The model chooses the parameters that give the highest likelihood for the data.

From Middle English liklihode, equivalent to likely + -hood.

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