Bayesian average

A Bayesian average is a method of estimating the mean of a population using outside information, especially a pre-existing belief, which is factored into the calculation. This is a central feature of Bayesian interpretation.

Source: Wikipedia — Bayesian average (CC BY-SA 4.0)

Bayesian average

A Bayesian average is a method of estimating the mean of a population using outside information, especially a pre-existing belief, which is factored into the calculation. This is a central feature of Bayesian interpretation.

Source: Wikipedia "Bayesian average" · CC BY-SA 4.0

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