Mixtures of normals provide a flexible model for estimating densities in a Bayesian framework. There are some difficulties with this model, however. First, standard reference priors yield improper ...

Articulate the primary interpretations of probability theory and the role these interpretations play in Bayesian inference Use Bayesian inference to solve real-world statistics and data science ...

Bayesian statistics points the way to an articulation of business judgment and statistical research in approaching marketing problems. We have always known that neither executive nor statistician is ...