Suppose that observations x 1 , x 2 , ..., X n are available from a density
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Suppose that observations x1, x2, ..., Xn are available from a density
Explain how you would make inferences about the parameter θ using a conjugate prior.
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In Bayesian statistics a conjugate prior is chosen to simplify the calculation of the posterior distribution A conjugate prior has the property that w...View the full answer
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