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We discuss two approaches: Bayesian and classical statistics
1. Bayesian inference
Assuming an uninformed prior π(λ) = 1/ λ and the Poisson likelihood function for observing a events in period t:
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...
We discuss two approaches: Bayesian and classical statistics
Assuming an uninformed prior π(λ) = 1/ λ and the Poisson likelihood function for observing a events in period t:
...