Abstract
The conceptual foundations for the application of Bayes’ theorem are not only the apparatus of such an exact science as mathematics, which skillfully copes with applied tasks. The fact of considering a priori data from different angles allows you to identify the maximum subtleties and make the right decision due to the a posteriori distribution of estimates of the parameters of the object under study. The decision to practically test Bayes’ methods in real life helps to look at real economic processes in a different way. If we talk about the specific advantages of using Bayes’ theorem, then it is worth focusing on the simplicity of statistical data processing, the possibility of computer implementation of the strategy with minimal time, accumulation and accounting of new fresh knowledge and data, as well as obtaining relevant results.
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