Bayesian Theory - Adrian F. M. Smith - Paperback Bog - John Wiley & Sons Inc - 2000 - Engelsk - Booktok.dk
Brand: John Wiley & Sons Inc
Description
A controversial philosophical approach to statistics following the work of Rev Thomas Bayes (1701). To solve a problem or to make a decision, the Bayesian collects data from all possible theories and assigns a probability to them. This generates a prior distribution from which, workable parameters are determined and complex calculations are made.