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A Proposed Bayesian Inference Framework and the Property of the Likelihood Function
Journal article

A Proposed Bayesian Inference Framework and the Property of the Likelihood Function

H Wang and Chen-Fu. Chien
Journal of Management and Systems(管理與系統) Journal of Management and Systems(管理與系統), Vol.7(3), pp.305-326
2000

Abstract

The Bayesian approach, which allows effective use of prior information, is especially useful in the situation that the sample evidence is insufficient. Researchers have used different probability distribution functions to express the prior distributions and the likelihood functions in various Bayesian inference models. However, little research has been done to examine the nature of different problems and thus select suitable likelihood functions. To respond to this research need, we proposed a Bayesian inference framework. For demonstration, we showed that, when a specific event (e.g., accident of failure) in a system occurs as a binomial process or Poisson process, the Bayesian inference model on the event rate will have the likelihood function as a binomial distribution or Poisson distribution, respectively.

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