This is one of those questions where there are a lot of possible answers depending on what model you have. It’s a kind of order statistics/extreme values and model uncertainty question. So you could use Laplace’s law of succession, you could use the hope function, you could try to fit some underlying continuous trend to predict binary outcomes or rates...
This is one of those questions where there are a lot of possible answers depending on what model you have. It’s a kind of order statistics/extreme values and model uncertainty question. So you could use Laplace’s law of succession, you could use the hope function, you could try to fit some underlying continuous trend to predict binary outcomes or rates...