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BE L07 Matching Binomial Models to Real World Processes

Summary:
Bayesian Econometrics Lec 07. To assess match between a theoretical Binomial Model and a real world physical process, we use p-values, which measures how unlikely the outcome is under the null hypothesis of a perfect match.

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Bayesian Econometrics Lec 07. To assess match between a theoretical Binomial Model and a real world physical process, we use p-values, which measures how unlikely the outcome is under the null hypothesis of a perfect match.


Asad Zaman
Physician executive. All opinions are my personal. It is okay for me to be confused as I’m learning every day. Judge me and be confused as well.

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