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Results tagged with bayesian
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user 48466
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.
5
votes
Explain intuition regarding probability of "next flip" when tossing a fair coin
Person 2 is not wrong in thinking about the entire four-coin sequence. But Person 2 is failing to take into account that the first three tosses have already happened, that the results are already kno …
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