The first step in any statistical analysis, be it frequentist or Bayesian, is the construction of a probabilistic model which describes, mathematically, the way the data under study has been generated ...

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Learning outcomes 1 Describe the fundamental differences between the Bayesian and frequentist approaches to statistics. 2 Construct conjugate families of prior distributions for common sampling ...

In the ever-evolving toolkit of statistical analysis techniques, Bayesian statistics has emerged as a popular and powerful methodology for making decisions from data in the applied sciences. Bayesian ...