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Old 07-03-2013, 09:09 PM   #33
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Originally Posted by beees View Post
Why aren't you summing an estimated average*C into the numerator
Isn't the formula bavg= (values + approxavg*C)/(C+numval)?
Yeah, that's the next step. I thought it wouldn't matter since all I care about is the relative values of the Bayesian average (all due respect to the Bayesian people and their culture), not the Bayesian average itself (on Wikipedia it says: "In cases where the averages' relative values are the only result of importance, m can be replaced with zero."), but I'll fix the formula and see what happens.
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Last edited by squeek.; 07-03-2013 at 09:10 PM.
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