When are Bayesian methods preferable to Frequentist?
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When are Bayesian methods preferable to Frequentist?
Quantifying this updated probability is an application of Bayesian inferencing. We’re no longer asking the simple, one-part question “What is the probability that the person with a pocket protector is an engineer?” Instead, we’re asking the compound question “What is the probability that the person with a pocket protector is an engineer, given the
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