Describe prior distribution, Advanced Statistics

Assignment Help:

Prior distributions: The probability distributions which summarize the information about a random variable or parameter known or supposed at a given time instant, prior to attaining further information from the empirical data. It is used almost entirely within the context of Bayesian inference. In any specific study a variety of such kind of distributions might be assumed. For instance, reference priors represent the minimal prior information; clinical priors are used to formalize the opinion of well-informed specific individuals, frequently those taking part in the trial themselves. Lastly, sceptical priors are used when the large treatment differences are considered unlikely.


Related Discussions:- Describe prior distribution

Fisher''s exact test, The alternative process to make use of the chi-square...

The alternative process to make use of the chi-squared statistic for assessing the independence of the two variables forming a two-by-two contingency table particularly when expect

Assignment, Different approaches to the study of early indian history

Different approaches to the study of early indian history

Balanced incomplete block design, Balanced incomplete block design : A desi...

Balanced incomplete block design : A design in which all the treatments are not used in all blocks. Such designs have the below stated properties: * each block comprises the

Prepare a depreciation schedule for the rental equipment, Sam Tyler, a sing...

Sam Tyler, a single taxpayer, social security number 111-44-1111, bought Rental Equipment on 04/01/2010. He paid $400,000 including all closing and delivery costs. In the current y

Fuzzy set theory, A radically different approach of dealing with the uncert...

A radically different approach of dealing with the uncertainty than the traditional probabilistic and the statistical methods. The necessary feature of the fuzzy set is a membershi

Describe law of likelihood, Law of likelihood : Within framework of the sta...

Law of likelihood : Within framework of the statistical model, a particular set of data supports one statistical hypothesis or assumption better than another if the likelihood of t

Cellular proliferation models, Cellular proliferation models : Models are u...

Cellular proliferation models : Models are used to describe the growth of the  cell populations. One of the example is the deterministic model   where N(t) is the number of cel

Discriminant analysis, A term which covers the large number of techniques f...

A term which covers the large number of techniques for the analysis of the multivariate data which have in common the aim to assess whether or not the set of variables distinguish

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd