{"version":"1.0","type":"link","title":"Bayesian average - Newikis","description":"A Bayesian average is a method of estimating the mean of a population using outside information, especially a pre-existing belief, which is factored into the calculation. This is a central feature of Bayesian interpretation. This is useful when the available data set is small.","provider_name":"Newikis","provider_url":"https://newikis.com","cache_age":86400}