Bayesian statistics
Bayes' Theorem
A theorem in probability theory concerned with determining the conditional probability of an event when another event has occurred. Bayes' theorem allows revision of the original probability with new information. Its simplest form is: P(A|B) = P(B|A) P(A)/P(B), where P(A): independent probability of A, also called prior probability; P(B): independent probability of B; P(B|A): conditional probability of B given A has occurred; P(A|B): conditional probability of A given B has occurred, also called posterior probability. Same as Bayes' rule.