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Eric Bank is an M.B.A. who has covered financial and business topics since 1985, appearing regularly on Credible, eHow, WiseBread, The Nest, Zacks, Chron, BadCredit.org and dozens of other outlets.

Log-likelihood function for normally distributed returns.

log(sigma)+log(log(2))+(sigma * (1 - y)) / (1 - (1 - y))+(-2 * log(1 - y))+(-log(exp((sigma * (1 - mu)) / (1 - (1 - mu))) - 1))+ (exp((sigma * (1 - y)) / (1 - (1 - y ...