Bayesian vs. Frequentist Inference | by Dimitris Poulopoulos | Dec, 2022
Are you Bayesian or Frequentist?Image generated using Stable DiffusionRegarding the probability school of thought, there are two main approaches: the Bayesian and the frequentist approaches. Both of these approaches have their own strengths and weaknesses, and they are often used in different circumstances to help determine the probability of events.So, what are their differences? Is one better than the other? This is a wrong question to ask; Bayesian thinking is based on the idea that probabilities represent a degree of…