The theorem is also called Bayes' Rule or Bayes' Law and is the foundation of the field of Bayesian statistics. Bayes' Theorem allows you to update the predicted probabilities of an event by ...
Bayesian Inference: Bayes theorem, prior, posterior and predictive distributions, conjugate models (Normal-Normal, Poisson-Gamma, Beta-Binomial), Bayesian point estimation, credible intervals and ...
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