Bayesian Estimation Involves Which of the Following

Question

Bayesian estimation involves which of the following?
A) A combination of prior and sample information
B) The use of the marginal value theorem
C) Application of the concept of diminishing returns
D) The use of missed opportunity costs
E) Modification of food patch variance to test it

Accepted Answer

Bayesian estimation combines prior information about a parameter with information from the sample data to form a posterior distribution, which updates beliefs about the parameter in light of new evidence.