- Title
- Simplifying life through Bayes: hints for practitioners new to Bayesian inference
- Creator
- Tuyl, Frank; Howley, Peter
- Relation
- Quality Management Journal Vol. 23, Issue 2, p. 22-28
- Relation
- http://asq.org/pub/qmj/past/vol23_issue2/index.html
- Publisher
- American Society for Quality
- Resource Type
- journal article
- Date
- 2016
- Description
- This paper explains why it is important to understand Bayesian techniques and how they are advantageous, even at a fundamental level, over the more traditionally taught classical, or frequentist-based, statistical techniques. The authors provide a brief introduction to the Bayesian approach and present an example of a scenario exhibiting some of the beneficial properties of Bayesian methods, including insights gained from their application in industry to overcome classical statistics-based problems. This example shows how Bayesian methods enable straightforward incorporation of constraints that result in sensible estimates, compared with ad hoc, and at times misleading or useless, classical approaches.
- Subject
- binomial distribution; Taguchi loss function; variance components
- Identifier
- http://hdl.handle.net/1959.13/1329107
- Identifier
- uon:26073
- Identifier
- ISSN:1068-6967
- Language
- eng
- Reviewed
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