Examlex
What is business portfolio planning? Discuss how a company might use the Boston Consulting Group's product portfolio analysis method.
Posterior Probabilities
The probabilities assigned to outcomes or hypotheses after taking into account known data and a priori probabilities.
Prior Probabilities
Represent the probabilities of different outcomes before any evidence is considered, often used in Bayesian statistics.
Bayes' Law
A statistical theorem that describes the probability of an event, based on prior knowledge of conditions related to the event.
Posterior Probability
The probability of an event or hypothesis being true after taking into consideration new evidence or information.
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