Bayesian Statistics | Vibepedia

Bayesian statistics is a theory in the field of statistics based on the Bayesian interpretation of probability, where probability expresses a degree of belief in an event. This approach differs from frequentist interpretation, which views probability as the limit of the relative frequency of an event after many trials. Bayesian statistical methods use Bayes' theorem to compute and update probabilities after obtaining new data, codifying prior knowledge in the form of a prior distribution. The Bayesian approach has been widely adopted in various fields, including machine learning, artificial intelligence, and data science, with applications in image and speech recognition, natural language processing, and predictive modeling.