Question

Explain Bayesian statistics and Frequentist statistics. Define each statistical methodology, state the differences between the two,...

Explain Bayesian statistics and Frequentist statistics. Define each statistical methodology, state the differences between the two, state the similarities between the two, and then explain which approach you would prefer when faced with a statistical problem and why.

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Answer #1

When it comes to statistical problem we would prefer frequentists because of its very convenient calculation and interpretation part.Bayesian becomes time consuming in calculation due to its lots of integral parts.

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