Question: Reflect on how you would make a decision by identifying several important criteria, their weights, and the scoring of several alternatives. Explain which alternative would

Reflect on how you would make a decision by identifying several important criteria, their weights, and the scoring of several alternatives. Explain which alternative would be preferred according to the Bayesian approach, and which would be preferred by a conjunctive approach. Which would be more appropriate and why?

References

Ktalmassov, K. (2019, April 3).Hierarchical Bayesian Modeling in R for marketing program evaluation.https://medium.com/@italmas2010/hierarchical-bayesian-modeling-in-r-for-marketing-program-evaluation-bc4674e69ff1

PyMC Developers. (2020, November 1).A Bayesian approach to media mix modeling by Michael Johns & Zhenyu Wang.[Video] YouTube.https://youtu.be/UznM_-_760Y

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