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The beta dist is conjugate to the binomial, it is a natural prior for the proportion parameter. The mean of a bunch of 0s and 1s will be between [0,1], the supp
by ezke 8y ago
The beta dist is conjugate to the binomial, it is a natural prior for the proportion parameter. The mean of a bunch of 0s and 1s will be between [0,1], the support of the beta dist.
- clircle 8y agoThe mean of n 0s and 1s has support {0, 1/n, 2/n, ..., n/n}, not [0,1]. >The beta dist is conjugate to the binomial, it is a natural prior for the proportion parameter. I don't think the author is doing Bayesian inference.