Bayesian Statistics

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Bayesian inference
Bayesian inference is statistical inference in which evidence or observations are used to update or to newly infer the probability that a hypothesis may be true. The name "Bayesian" comes from the frequent use of Bayes' theorem in the inference process. Bayes' theorem was derived from the work of the Reverend Thomas Bayes.
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Bayesian Statistics
statistics which incorporate prior knowledge and accumulated experience into probability calculations

Copyright © 2001, Ray Wright

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