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Bayesian inference is a method of statistical inference that relies on treating the model parameters as random variables and applying Bayes' theorem to deduce subjective probability statements about the parameters or hypotheses, conditional on the observed dataset.
7
votes
Why is the Likelihood function NOT a case of the inverse fallacy?
It's not saying $P(\theta|\text{data})$ = $P (\text{data}|\theta)$. It's defining the likelihood function.