Bayesian Probability
Bayesian Probability : Definition: the process of evaluating the probability of a hypothesis through (1) the specification of a prior probability and (2) modification of the prior probability by incorporation of observed information to create an updated posterior probability. Sample Usage: The analyst applied Bayesian probability techniques to incorporate new evidence and update her estimate of the threat probability. Annotation: This concept is also referred to as Bayesian probabilistic inference. Bayesian probability evaluates likelihoods as probabilities rather than frequencies. See Also: subjective probability, probability, and frequentist probability
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