Summary
Contents
Subject index
Providing cutting-edge perspectives and real-world insights into the greater utility of probability and its applications, the Handbook of Probability offers an equal balance of theory and direct applications in a non-technical, yet comprehensive, format.
6 The Bayesian Approach to Statistics
6 The Bayesian Approach to Statistics
Introduction
By far the most widely taught and used statistical methods in practice are those of the frequentist school. The ideas of frequentist inference, as set out in Chapter 5 of this book, rest on the frequency definition of probability (Chapter 2), and ...
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