Bayesian inference

{
  "id": "MLC-T-OAG-000297",
  "term": "Bayesian inference",
  "field": "Oil and gas",
  "definition": "A statistical method that updates the probability for a hypothesis as more evidence or information becomes available. It combines prior knowledge or beliefs about a parameter with new data to produce a revised, or posterior, probability distribution. This approach is used in reservoir characterization to reduce uncertainty in subsurface models by integrating seismic data, well logs, and core analyses.",
  "subject": "Reservoir Characterization",
  "url": "https://mlchart.com/terminology/oil-and-gas/bayesian-inference/"
}