subjective prior based on data | Vose Software

subjective prior based on data

The quantified subjective estimate offered by an expert may be based on some experience that can be elicited in numerical form: for example, that s/he saw their system break down twice in three years. You will get a more objective assessment of the expert's knowledge if you are able to get to the original data and perform a statistical analysis, rather than ask for a subjective estimate of what that data mean.



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