9) Essentials of Bayesian statistics Flashcards
1
Q
How is the Bayesian posterior distribution computed
A
2
Q
What is the difference between Bayesian and likelihood procedures in statistical analysis
A
Bayesian Analysis: Requires integration or averaging to compute the marginal likelihood
Likelihood Analysis: Requires optimisation to find the maximum likelihood estimate (MLE)
3
Q
How can the Bayesian update procedure be applied sequentially
A
