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Mathematics

Bayesian Inference with Conjugate Priors for Streaming Data

Quick fact

With conjugate priors, Bayesian updating is so simple that the posterior can be computed using just a few summary numbers (sufficient statistics), making it possible to update models in constant time regardless of how many data points have been seen.

Why this is interesting

Imagine a weather app that updates its forecast probability of rain every time new sensor data arrives—how can it keep learning without recomputing everything from scratch?