Bayesian Average
The Bayesian Average is a mathematical formula that is used to derive the average in a data set when the data set may be small. Typically you'll see the Bayesian average used on sites like Yelp.
The Bayesian Average is a mathematical formula that is used to derive the average in a data set when the data set may be small. Typically you'll see the Bayesian average used on sites like Yelp.