Bayesian methods are growing more and more popular, finding new
practical applications in the fields of health sciences,
engineering, environmental sciences, business and economics and
social sciences, among others. This book explores the use of
Bayesian analysis in the statistical estimation of the unknown
phenomenon of interest. The contents demonstrate that where such
methods are applicable, they offer the best possible estimate of
the unknown. Beyond presenting Bayesian theory and methods of
analysis, the text is illustrated with a variety of applications to
real world problems.
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