Give the relationship between prior and posterior probabilities
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What is prior and posterior probability?
DEFINITION of 'Posterior Probability' Posterior probability is the revised probability of an event occurring after taking into consideration new information. Posterior probability is calculated by updating the prior probability by using Bayes' theorem.
DEFINITION of 'Posterior Probability' Posterior probability is the revised probability of an event occurring after taking into consideration new information. Posterior probability is calculated by updating the prior probability by using Bayes' theorem.
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