1. 

   shdh Ton up Member

   Hi,
   
   What is a credibility factor & what is it used for?
   
   A deep insight would be really helpful!
   
   Thanks & Regards,
   Shyam

    

   shdh, Jul 7, 2017

   #1
2. 

   John Lee ActEd Tutor Staff Member

   It is defined as the weighting on the sample mean and so it tells you how much of your estimate depends on the sample as opposed to the prior.

    

   John Lee, Jul 10, 2017

   #2

Your name or email address:

Do you already have an account?

• No, create an account now.
• Yes, my password is:
• Forgot your password?

Stay logged in