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The branch of statistical inference which employs the principles of Bayes' theorem for updating the probability for a hypothesis is known as Bayesian inference. There has been rapid progress in this field and its applications are finding their way across multiple industries.
When you click on links to various merchants on this site and make a purchase, this can result in this site earning a commission. Affiliate programs and affiliations include, but are not limited to, the eBay Partner Network.