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That's a very strong statement. There's domains where machine learning tends to have better predictive performance than (Bayesian) statistics, but the converse
by chibg10 9y ago
That's a very strong statement. There's domains where machine learning tends to have better predictive performance than (Bayesian) statistics, but the converse is true in many other domains.
I would summarize it as Bayesian methods work best in areas where there's often not enough data, there exists significant expert knowledge, and you can properly specify a model. And yes, they do quantify uncertainty.