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Bayesian statistics

Theory and paradigm of statistics

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Bayesian statistics (1) · Matrix decomposition (1) · arXiv (1) · Machine learning (1) · Linear algebra (1) · Data analysis (1) · Textbook (1)

📖 Key Information

Bayesian statistics ( BAY-zee-ən or BAY-zhən) is a theory in the field of statistics based on the Bayesian interpretation of probability, where probability expresses a degree of belief in an event. The degree of belief may be based on prior knowledge about the event, such as the results of previous experiments, or on personal beliefs about the event. This differs from a number of other interpretations of probability, such as the frequentist interpretation, which views probability as the limit of the relative frequency of an event after many trials.

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