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Bayesian methods are not better than frequentist methods and vice versa. I use both, but mostly Bayesian. Bayesian approaches take a long time thinking, making
by pks016 7mo ago
Bayesian methods are not better than frequentist methods and vice versa. I use both, but mostly Bayesian.
Bayesian approaches take a long time thinking, making models, choosing priors, simulations etc. but they provide a better estimate and understanding the parameters. I hate point estimates and decision based arbitrary p-value. Whenever possible I use Bayesian methods.