It's supposed to be a completely uninformed prior. The only information, as you can see, is introduced in the formula with the above explanation. Forecasting i

It's supposed to be a completely uninformed prior. The only information, as you can see, is introduced in the formula with the above explanation. Forecasting in general is a silly affair. As a data scientist I get all kinds of requests for all kinds of predictions, and my only real job is to part those requesting parties from their money.