Inference, estimation, and decision-making from data
MLE asks "which single θ best explains the data?" Bayesian estimation asks a richer question: "given the data, what is my full belief about θ?" Instead of one number, you get a whole distribution, and you can fold in what you knew beforehand.
🔒 This is a Pro lesson — the interactive figure, worked examples, quiz and practice open with Pro access.
▶ Bayesian Estimation