Experimentation, Bayesian Statistics, Engineering, Data Science, Ab Testing.
posterior distribution using Bayes’ rule as θ | ( Y = y) ∼ Beta(α + y , β + n — y) WISE allows the experimenter to set prior values for α and β based on past knowledge, or it will use uninformative priors of α = 1 and β = 1 by default. A Bayesian views probabilities as degrees of belief, which are