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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.
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Difference between Bayesian inference and Bayesian updating [closed]
Bayesian updating and Bayesian inference seem to be often used interchangeably. However, sometimes texts refer to both and seem to mean something different. … Is there a difference between Bayesian inference and updating, and if there is, what is the difference? …