Beta-Binomial Model
The conjugate pairing of a Beta(a, b) prior with a binomial likelihood: after s successes and f failures the posterior is Beta(a+s, b+f), so the hyperparameters act as pseudo-counts of imagined prior data.
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The conjugate pairing of a Beta(a, b) prior with a binomial likelihood: after s successes and f failures the posterior is Beta(a+s, b+f), so the hyperparameters act as pseudo-counts of imagined prior data.
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