Prior probability

Prior Probability

Prior probability is a fundamental concept in Bayesian statistics, a branch of statistics that deals with the interpretation of statistical analysis. It refers to the probability of an event based on established knowledge, before empirical data is taken into account.

Definition

In Bayesian statistics, prior probability is the initial degree of belief in a proposition before any evidence is taken into account. It is often based on subjective judgement or established knowledge. The prior probability is updated with the evidence to produce the posterior probability.

Calculation

The calculation of prior probability often involves subjective judgement. It is typically based on previous experience or established knowledge. In some cases, it may be based on a uniform distribution, indicating no prior knowledge.

Use in Bayesian Statistics

In Bayesian statistics, the prior probability is used in conjunction with the likelihood function and the Bayes' theorem to calculate the posterior probability. The likelihood function represents the probability of the observed data given the parameters, while the Bayes' theorem provides a way to update the prior probability based on the observed data.

Criticism

The use of prior probability has been criticized for its subjective nature. Critics argue that it allows for the introduction of personal bias into statistical analysis. However, proponents of Bayesian statistics argue that the use of prior probability allows for the incorporation of relevant information that would otherwise be ignored.

See also

• Posterior probability
• Bayesian statistics
• Bayes' theorem
• Likelihood function

References

Prior probability Resources
Need Help Finding a Doctor? Need help finding a doctor or specialist anywhere in the world? Explore our world directory. WikiMD's DocFinder can assist you in locating millions of physicians.	Medical Knowledge Access the latest research - Most recent articles Ongoing trials.

Translate to: East Asian 中文, 日本, 한국어, South Asian हिन्दी, Urdu, বাংলা, తెలుగు, தமிழ், ಕನ್ನಡ,
Southeast Asian Indonesian, Vietnamese, Thai, မြန်မာဘာသာ, European español, Deutsch, français, русский, português do Brasil, Italian, polski