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The observed adjustment

  In the previous section, we constructed adjusted expectations given collections of observations. After we make the observations and evaluate these adjustments, we express our overall changes in belief in ways which help us both to identify qualitatively the most important changes between our prior and adjusted beliefs, and also to judge diagnostically whether we should re-examine any aspects of our formulation. We proceed as follows.





David Wooff
Thu Oct 15 11:56:54 BST 1998