Excel macro for applying Bayes' rule
Kim Jae Hyun, Hoh Yoo Baek · 2011
The prior distribution is the probability distribution we have before observing data. Using Bayes' rule, we can compute the posterior distribution, the new probability distribution, after observing data. Computing the posterior distribution is much easier than before by using Excel VBA macro. In addition, we can conveniently compute the successive updating posterior distributions after observing the independent and sequential outcomes. In this paper we compose some Excel VBA macros for applying Bayes' rule and give some examples.