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Advises on statistical analysis that are often useful in practice (but are not always guaranteed to work).

10 votes
1 answer
366 views

How does one formalize a prior probability distribution? Are there rules of thumb or tips on...

While I like to think I have good grasp of the concept of prior information in Bayesian statistical analysis and decision making, I often have trouble wrapping my head around its application. I have i …
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