Prior probability (base rate)
 
 

Prior probability (base rate)
The known or initial frequency with which a given characteristic or event appears in a class of objects or members of a population – data pertaining to the typical or ordinary frequency with which an event occurs in a particular group or in the general population.

 

(see also: Base rate fallacy, Law of large numbers)

 

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Labels: base rate, base rate information, prior probability, initial probability, prior odds, base rate frequencies
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