This video provides an intuitive explanation of the difference between Bayesian and classical frequentist statistics.
If you are interested in seeing more of the material, arranged into a playlist, please visit: [ Ссылка ] Unfortunately, Ox Educ is no more. Don't fret however as a whole load of new youtube videos are coming soon, along with a book that accompanies the series: [ Ссылка ] Alternatively, for more information on this video series and Bayesian inference in general, visit: [ Ссылка ] For more information on econometrics and Bayesian statistics, see: [ Ссылка ]
