Standardize predictor variables and outcome

Using Priors as Predictors

A prior is the probability distribution of a parameter that reflects analyst’s personal beliefs.

University of Virginia, Charlottesville

- Observed variables given a distribution function likelihood 
- Unobserved variables or parameters 

Components of the Model


1. Parameter - unobserved quantity describing a statistical population
2. Observed variable - measurements taken by researcher in order to make predictions about a parameter

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