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New Course
Concept
Prior Distribution
A
prior distribution
in
Bayesian statistics
represents the
initial beliefs
about a parameter before observing any data, influencing the
posterior distribution
after data is taken into account. It allows for the incorporation of
existing knowledge
or
subjective judgment
into
statistical analysis
, making
Bayesian methods
flexible and adaptive to
new information
.
Relevant Degrees
Probability and Statistics 70%
Combinatorial Analysis and Graph Theory 30%
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