Adding functions related to Bayesian hypothesis testing #10
Description
Python ArviZ includes the following functionality related to Bayesian hypothesis testing:
- region of practical equivalence (ROPE, e.g.
plot_posterior) - Bayes factors (
plot_bf) - Bayesian p-values in section 6 of BDA3 (
plot_bpv)
While these are not part of the stats API in Python ArviZ, we should add them here, with appropriate suggestions/qualifications for their use.
Additionally, in TuringLang/MCMCDiagnosticTools.jl#90 @DominiqueMakowski suggested including the probability of direction, which is related to a p-value on significance of an effect.
See also: bayestestR