Challenge: Convex Optimization
Understand how to apply convex optimization to estimate the shape parameter of a beta distribution using maximum likelihood estimation. Learn to formulate the problem mathematically, interpret viewer rating data, and implement an optimization solution applicable to real-world machine learning tasks.
We'll cover the following...
We'll cover the following...
Problem statement
Suppose a new movie is released and you want to estimate the probability that a random viewer will like it. You assume that this probability follows a beta distribution with a fixed lower bound of