Application Of Bayesian Statistics In Objectification Of Evidence Evaluation: Is The Ethics Of Statistical Research Measurable?
Application Of Bayesian Statistics In Objectification Of Evidence Evaluation: Is The Ethics Of Statistical Research Measurable?
Author(s): Velimir Dedić, Gordana AjdukovićSubject(s): Economy
Published by: Fakultet za poslovne studije i pravo
Keywords: Beysian statistics; statistical research.
Summary/Abstract: This paper deals with application of Bayesian statistics on hypothesis testing. In contrary to classical approach, historical data and subjective judgment plays a great deal in finding validity hypothesis, but Bayesian statistics is superior in terms of judging validity of a hypothesis having known outcome.
Journal: International Journal of Economics & Law
- Issue Year: 2/2012
- Issue No: 4
- Page Range: 12-15
- Page Count: 4
- Language: English
