Grades of evidence – A cheat sheet

(This article was originally published at Nicebread, and syndicated at StatsBlogs.)

There are at least three traditions in statistics which work with a kind of likelihood ratios (LRs): the “Bayes factor camp”, the “AIC camp”, and the “likehood camp”. In my experience, unfortunately most people do not have an intuitive understanding of LRs. When I give talks about Bayes factors, the most predictable question is “And […]

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