What is the purpose of the bayesian analysis?

Answer 1

The purpose of Bayesian analysis is to revise and update the initial assessment of the event probabilities generated by the alternative solutions. This is achieved by the use of additional information.

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Answer 2

Bayesian analysis is a statistical method used to update the probability of a hypothesis as new evidence or data becomes available. It allows for the incorporation of prior knowledge or beliefs into the analysis, providing more accurate and reliable estimates and inferences compared to frequentist methods. The purpose of Bayesian analysis is to quantify uncertainty, make predictions, and infer causal relationships within a probabilistic framework.