Bayesian Statistics

Bayesian statistics is a subset of the field of statistics in which the evidence about the true state of the world is expressed in terms of degrees of belief or, more specifically, Bayesian probabilities. Such an interpretation is only one of a number of interpretations of probability and there are many other statistical techniques that are not based on "degrees of belief".

Read more about Bayesian Statistics:  Outline

Famous quotes containing the word statistics:

    “He uses statistics as a drunken man uses lamp-posts—for support rather than illumination.”
    —Andrew Lang (1844–1912)