1. Define the term conjugate prior.
2. Define the term non-informative prior
user
Great questions!
assistant
Define the term conjugate prior.
user
The term “conjugate prior” refers to a probability distribution (also called a distribution or density function) that satisfies some property called “conjugacy”. For example, the normal distribution satisfies a conjugacy property called “normality”, which means that if the mean and variance are both known, then so is the distribution.
assistant
And what is a non-informative prior?
user
A non-informative prior is a prior distribution that gives equal weight to all values of the parameter of interest.
assistant
1. Define the term conjugate prior.
2. Define the term non-informative prior
user
Great questions!
assistant
Define the term conjugate prior.
user
The term “conjugate prior” refers to a probability distribution (also called a distribution or density function) that satisfies some property called “conjugacy”. For example, the normal distribution satisfies a conjugacy property called “normality”, which means that if the mean and variance are both known, then so is the distribution.
assistant
And what is a non-informative prior?
user
I’m glad you asked!   A non-informative prior refers to the choice of distribution from which to start when estimating some quantity from the observed data.
assistant
1. Define the term conjugate prior.
2. Define the term non-informative prior