0/1pts Question 14 You are the CEO of a small financial forecasting company. You

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0/1pts Question 14 You are the CEO of a small financial forecasting company. You have decided to adopt a Bayesian approach to data analysis and modelling. When you announce this new policy, your staff are unhappy and unconvinced, as they are used to a NHST approach. You stress that the Bayesian approach has several key advantages, including which of the following. You can evaluate statistical significance using p-values. You can reject null hypotheses without any data collection. You can evaluate the likelihood of the null hypothesis being true. You can evaluate complex statistical models without data. e

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You are the CEO of a small financial forecasting company. You have decided to adopt a Bayesian approach to data analysis and modelling. When you announce this new policy, your staff are unhappy and unconvinced, as they are used to a NHST approach. You stress that the Bayesian approach has several key advantages, including which of the following

Ans:You can evaluate the likelihood of the null hypothesis being true

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