Articulate the primary interpretations of probability theory and the role these interpretations play in Bayesian inference Use Bayesian inference to solve real-world statistics and data science ...

In the ever-evolving toolkit of statistical analysis techniques, Bayesian statistics has emerged as a popular and powerful methodology for making decisions from data in the applied sciences. Bayesian ...

Although classical statistical methods are inapplicable in point estimation problems involving nonidentifiable parameters, a Bayesian analysis using proper priors can produce a closed form, ...