You have joined the data modelling team for a national education policy unit.Your boss has decided that from now on the team will adopt a Bayesian approach.However,not all staff understand what this is; your boss asks you to present a training session.How would you explain the Bayesian approach in your session introduction?
A)An approach where you reject your statistical model once data is collected.
B)An approach where you do not modify the likelihood of your statistical model as more data is collected.
C)An approach that allows you to focus on testing the null hypothesis based on data collection.
D)An approach that allows you to update the likelihood of your statistical model as more data is collected.

Question

Quizplus · Accepted Answer

The Bayesian approach is characterized by updating the probability or likelihood of a hypothesis as more evidence or data becomes available. This contrasts with other statistical methods that might not incorporate prior knowledge or adjust their predictions as new data comes in.

You Have Joined the Data Modelling Team for a National