Math2269 Applied Bayesian Statistics Presentation Submission

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Student number - S3969309 RMIT - Master of Analytics. A look at prior specification in What Makes an Injury Crash Fatal or Serious? A MATH2269 Applied Bayesian Statistics Carl Sagan said “Extraordinary claims require extraordinary evidence.” But how do we decide HOW extraordinary the evidence ... This video introduces the idea of the Shrinkage factor which quantify how much the prior mean influences the posterior mean ...

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