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Kinds of uncertainty while making inferences
- Epistemic Uncertainty: Uncertainty in observed data due to access to limited data
- Example: x group is most likely to vote for A candidate but cant say for certain due to not having enough data samples of x group
- To deal with this uncertainty we just get get more data points
- Intrinsic Uncertainty:
- Epistemic Uncertainty: Uncertainty in observed data due to access to limited data
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Frequentist vs Bayesian Probability
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Sum Rule vs Product Rule