When to use Bayesian

5 Scenarios Where Bayesian Modeling Should be Considered

Introduction

Most statistical models have a frequentist and a Bayesian version. The decision between two approaches are not just a choice between models, it is more a choice between statistical “languages”.

Frequentist statistics is based on hypothetically resampling the data from an underlying true model. Take maximum likelihood estimation, in as plain English as possible. It says likelihood is the probability of the observed data given…