Credible Interval
An interval containing the parameter with a stated posterior probability — 'given the data, there is a 95% probability theta lies here' — the direct statement a frequentist confidence interval cannot make, since a confidence procedure's 95% describes coverage across repeated experiments, not this dataset.
This Concept is waiting for its first lesson!
An interval containing the parameter with a stated posterior probability — 'given the data, there is a 95% probability theta lies here' — the direct statement a frequentist confidence interval cannot make, since a confidence procedure's 95% describes coverage across repeated experiments, not this dataset.
Are you a teacher? Sign in to start contributing.
Sign In