study.binomial.md

In MikeXL/bayes: Fun with Bayes and Monte Carlo Simulation

A Study of Binomial

Binomial test is the simplest from all other tests. Here is why

beta(a, b) * binomial(n, k) -> beta(a+n, b+n-k)

with that we can directly sample from the posterior ;) usually the prior selection will be flat a=b=1 or Jeffery's a=b=.5 or else you have a strong belief of what you have already know.

MikeXL/bayes documentation built on Aug. 1, 2020, 1:36 a.m.