Bayes Factor Natural & Formal Sciences Dictionary Definition A numeric ratio comparing the marginal likelihoods of two competing statistical models given the same data; it quantifies relative evidence provided by the data in favor of one model versus another under specified priors.
Bayes Factor Natural & Formal Sciences Dictionary Definition A numeric ratio comparing the marginal likelihoods of two competing statistical models given the same data; it quantifies relative evidence provided by the data in favor of one model versus another under specified priors.