Asked by Shelby Savacool on Sep 26, 2024
Posterior probability of an event is the revised probability of the event after new information is available.
Posterior Probability
The probability of the parameters of a model or hypothesis being true, given the observed data.
Event
A specific outcome or type of outcome that can occur in a situation or experiment.
- Absorb the theories of prior, posterior, and likelihood probabilities.
Learning Objectives
- Absorb the theories of prior, posterior, and likelihood probabilities.