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In: Math, Science, Statistics

A prior probability distribution of an uncertain quantity is the probability distribution that would express one’s beliefs about this quantity before some evidence is taken into account. A prior can be determined from past information, such as previous experiments.Continue Reading

On:
In: Math, Science, Statistics

Expresses how likely particular values of statistics or a random variables are for a given set of observations. Indexes the family of joint probability distribution of the random sample evaluated at the given observations.Continue Reading