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by lliiffee
3115 days ago
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To build on fny's answer, there is one school of statistics (Bayesian statistics) where there basically is a "right" way to do analysis for any problem, provided you make the necessary assumptions (likelihood and prior) correctly. However, the most common statistical concepts (e.g. p-values or confidence intervals) are not in the Bayesian school |
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I’m not sure there is a single right way to solve any given problem isn a Bayesian way, but it does force you to think more about the problem at hand and make your assumptions explicit.