Bayesian prior: Difference between revisions

Created page with "{{a|design|}}{{Sbf on bayesian priors}}{{dpn|beɪzˈiːən ˈpraɪə|n|}}A way to incorporate existing knowledge or beliefs about a parameter into statistical analysis. For example, if you believe that (a) all playwrights can be objectively ranked according to independent, observable criteria; (b) the quality of those playwrights in a given sample will be normally distributed; and (c) you are trying to estimate the likelihood that a specific Elizabethan playwright really..."