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:

    and Olaf, too

    preponderatingly because
    unless statistics lie he was
    more brave than me: more blond than you.
    —E.E. (Edward Estlin)