In recent years there has been increased interest in Bayesian analysis in many disciplines Bayesianmethods implement Bayes’ theorem, which states that prior beliefs are updated with data, and this process produces updated beliefs about model parameters.
The prior is based on how much information we believe we have preceding data collection, as well as how accurate we believe that information to be. Within Bayesian statistics, priors can come fromany source; for example, a meta-analysis, a previous study or, even, expert consensus.