The Bayes linear approach by example

 

• Adjusting beliefs by data
  • Adjusted expectations
  • Adjusted variances
  • Adjusting a collection of quantities
  • Canonical directions
  • Adjusting the canonical belief structure
• Observing the adjustment
  • Standardised observations
  • Evaluating the adjusted expectation
  • Standardised adjusted expectations
  • Consistency checks for the canonical directions
  • The size and bearing of the adjustment
• Adjusting beliefs in stages
  • Performing the initial adjustment
  • Partial adjustments of belief
    • Partial variances
    • Partial canonical directions
    • Partial expectations
    • The size of the partial adjustment
    • The bearing and path correlation for the partial adjustment
  • Withdrawing quantities from the adjustment
• Review of the example