We develop a framework for characterizing and analyzing engineered likelihood functions (ELFs), which play an important role in the task of estimating the expectation values of quantum observables. These ELFs are obtained by choosing tunable parameters in a parametrized quantum circuit that minimize the expected posterior variance of an estimated parameter. We derive analytical expressions for the likelihood functions arising from certain classes of quantum circuits and use these expressions to pick optimal ELF tunable parameters. Finally, we show applications of ELFs in the Bayesian inference framework.
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