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Jul 26, 2020 | » | Frequentist Approach vs. Bayesian Approach
3 min; updated Feb 12, 2023
The Frequentist Approach Observe data. Assume the data were generated randomly, e.g. by nature, by designing a survey, etc. Make assumptions on the generating process, e.g. i.i.d., Gaussian, etc. Associate the generating process to some object of interest, e.g. a parameter, a density, etc. Assuming that the object is unknown but fixed, try to find it, e.g. estimate it, test a hypothesis about it, etc. The Bayesian Approach Observe data.... |