Thanks for the clear explanation! Regarding binomial-beta conjugacy, I see how the term (M z) ("M over z") from the binomial can be dropped from the likelihood because it will be the same value for a given value of M and z regardless of the value of theta. But how can the term gamma(alpha, beta)/(gamma(alpha)gamma(beta)) from the beta be dropped from the posterior since its value changes according to the values of alpha and beta? Thanks in advance.
Great stuff, but why is the impedance of free space (a vacuum) 336.7 Ohms?
Thanks for the clear explanation! Regarding binomial-beta conjugacy, I see how the term (M z) ("M over z") from the binomial can be dropped from the likelihood because it will be the same value for a given value of M and z regardless of the value of theta. But how can the term gamma(alpha, beta)/(gamma(alpha)gamma(beta)) from the beta be dropped from the posterior since its value changes according to the values of alpha and beta? Thanks in advance.
Thank you for the clarifications. The unrealistic mention is crucial!
Thanks a bundle! Explained clearly and concise