An Overview of the Bayesian Approach
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A framework is provided for combining the background knowledge and judgement of the subject matter expert with experimental or on-line data. It is shown that the logic of decision making points to the Bayesian approach as the natural one to deal with the various issues. A detailed discussion of the Bayesian statistical methods is given. Some recent progress towards the computational implementation of Bayesian methods is received and illustrated.
KeywordsPosterior Distribution Credible Interval Posterior Density Prior Belief Prior Density
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