The alternative is a classical frequentist approach,<ref>https://stats.stackexchange.com/questions/322464/what-is-the-difference-between-classical-frequentist-methods-and-likelihood-meth</ref> which takes far more time and money and may not be conclusive. Also, transparency is typically far better for Bayesian inference than for other approaches. | The alternative is a classical frequentist approach,<ref>https://stats.stackexchange.com/questions/322464/what-is-the-difference-between-classical-frequentist-methods-and-likelihood-meth</ref> which takes far more time and money and may not be conclusive. Also, transparency is typically far better for Bayesian inference than for other approaches. |