From a Bayesian point of view, we would regard it as a "prior distribution", that is, it is our believed probability distribution on the states of nature, prior to observing data.
That is, it is our believed probability distribution on the states of nature, prior to observing data. From a Bayesian point of view, we would regard it as a "prior distribution".
From a Bayesian point of view, we would regard it as a "prior distribution". That is, it is our believed probability distribution on the states of nature, prior to observing data.
From a Bayesian point of view, we would regard it as a "prior distribution". That is, it is our believed probability distribution on the states of nature, prior to observing data.