Difference between Bayesian Estimate and Maximum Likelihood Estimation

0 votes
Can someone tell me the difference between Bayesian Estimate and Maximum Likelihood Estimation?
Aug 8, 2018 in Data Analytics by CodingByHeart77
• 3,680 points
238 views

1 answer to this question.

0 votes
In the Bayesian estimate, we have some knowledge about the data/problem (prior). There may be several values of the parameters which explain data and hence we can look for multiple parameters like 5 gammas and 5 lambdas that do this. As a result of Bayesian Estimate, we get multiple models for making multiple predictions i.e. one for each pair of parameters but with the same prior. So, if a new example needs to be predicted than computing the weighted sum of these predictions serves the purpose.

Maximum likelihood does not take prior into consideration (ignores the prior) so it is like being a Bayesian while using some kind of a flat prior.
answered Aug 8, 2018 by DataKing99
• 8,130 points

Related Questions In Data Analytics

0 votes
1 answer
0 votes
1 answer

Difference between Eigenvectors and Eigenvalues

Eigenvectors are used for understanding linear transformations. In data ...READ MORE

answered Jul 16, 2018 in Data Analytics by CodingByHeart77
• 3,680 points
42 views
+1 vote
1 answer

Difference between validation set and a test set

Validation set can be considered as a part ...READ MORE

answered Jul 23, 2018 in Data Analytics by CodingByHeart77
• 3,680 points
36 views
0 votes
2 answers

What is the difference between correlation and covariance?

Correlation and Co-variance both are used as ...READ MORE

answered Jul 24, 2018 in Data Analytics by Anmol
• 3,620 points
1,686 views
0 votes
2 answers

What is difference between Distributed search head and Search head cluster?

 A distributed environment describes the separation of ...READ MORE

answered Dec 3, 2018 in Data Analytics by Ali
• 10,430 points
156 views
0 votes
2 answers

"Train" and "Test" sets in Data Science

Normally to perform supervised learning you need ...READ MORE

answered Aug 2, 2018 in Data Analytics by Anmol
• 3,620 points
43 views
0 votes
2 answers

Installing MXNet for R in Windows System

You can install it for python in ...READ MORE

answered Dec 3, 2018 in Data Analytics by Kalgi
• 40,460 points
320 views
+1 vote
3 answers

Problem with installation of Wordcloud in anaconda

Using Anaconda Python 3.6 version For Windows ...READ MORE

answered Aug 7, 2018 in Data Analytics by Priyaj
• 56,520 points
3,538 views
0 votes
1 answer

How to check if a directory exists and how to create and create if doesn't exist?

You can use showWarnings = FALSE NOTE:  showWarnings ...READ MORE

answered Apr 17, 2018 in Data Analytics by DataKing99
• 8,130 points
24 views
0 votes
1 answer

How to filter a data frame with dplyr and tidy evaluation in R?

Requires the use of map_df to run each model, ...READ MORE

answered May 16, 2018 in Data Analytics by DataKing99
• 8,130 points
94 views