In recent years I’ve become more appreciative of classical statistics. I still consider the Bayesian solution to be the correct one, however, often a full Bayesian treatment turns into a total mess. Sometimes, by using a few of the tricks from classical statistics, you can achieve nearly as good performance with a fraction of the complexity.
In recent years I’ve become more appreciative of classical statistics. I still consider the Bayesian solution to be the correct one, however, often a full Bayesian treatment turns into a total mess. Sometimes, by using a few of the tricks from classical statistics, you can achieve nearly as good performance with a fraction of the complexity.