Bayesian Credible Interval Natural & Formal Sciences Dictionary Definition A range of parameter values derived from a posterior distribution that contains a specified probability mass (e.g., 0.95); it expresses direct posterior probability that the parameter lies in that interval given the model and prior.
Bayesian Credible Interval Natural & Formal Sciences Dictionary Definition A range of parameter values derived from a posterior distribution that contains a specified probability mass (e.g., 0.95); it expresses direct posterior probability that the parameter lies in that interval given the model and prior.