Professional Documents
Culture Documents
Group 2 - em (Bayesian Analysis)
Group 2 - em (Bayesian Analysis)
BAYESIAN ANALYSIS
is a mathematical method for solving statistical issues using probability. It gives people the resources
they need to reconsider their views in light of new information.
HIGHDENSITY
INTERVEAL
HDI is formed from
the posterior
distribution after
observing the new
data.
Republic of the Philippines
CAMARINES NORTE STATE COLLEGE
F. Pimentel Avenue, Brgy. 2, Daet, Camarines Norte – 4600, Philippines
BAYESIAN ANALYSIS
- To revise and update the initial assessments of the event probabilities generated by the alternative
solutions.
- is a statistical paradigm that answers research questions about unknown parameters using
probability statements.
BAYES’ THEOREM/RULE:
Example:
Claire mentions to her brother that she has a friend who has breast cancer but doesn’t say much
else. Recently her brother saw a documentary about males with breast cancer. He wonders if his
sister’s friend is a male. His gut feeling is that it’s not that likely they’re male. To know the probability
that his sister’s friend is a male having a breast cancer he used Bayesian Theorem.
BAYES’ CRITERION
Selects the decision alternative having the maximum expected payoff, or the minimum expected loss
if he is working with a loss table.
This idea about updating beliefs is core to BAYESIAN STATISTICS and can be used to Test
Hypotheses, by starting with some idea or belief about how something works.
Republic of the Philippines
CAMARINES NORTE STATE COLLEGE
F. Pimentel Avenue, Brgy. 2, Daet, Camarines Norte – 4600, Philippines
Reference/s:
You Know I’m All About that Bayes: Crash Course Statistics #24 - YouTube
GROUP 2
MEMBERS:
Asis, Jemm
Balte, Richard