Re:How Bayesian Inference Works (2016)
by chibg10 on Saturday May 27, 2017 @04:05PM
(#14431731)
That's a very strong statement. There's domains where machine learning tends to have better predictive performance than (Bayesian) statistics, but the converse is true in many other domains.
I would summarize it as Bayesian methods work best in areas where there's often not enough data, there exists significant expert knowledge, and you can properly specify a model. And yes, they do quantify uncertainty.
I would summarize it as Bayesian methods work best in areas where there's often not enough data, there exists significant expert knowledge, and you can properly specify a model. And yes, they do quantify uncertainty.