Which one of the following statements below illustrates the advantages of Bayesian view over the frequentist approach?
The Bayesian approach gives statisticians some freedom to reflect prior belief.
The Bayesian approach is computationally more tractable.
An estimator that takes the maximum of the posterior distribution obtained via Bayes rule is strictly closer to the actual parameter than the maximum likelihood estimator.
The statement "An estimator that takes the maximum of the posterior distribution obtained via Bayes rule is strictly closer to the actual parameter than the maximum likelihood estimator" illustrates the advantage of Bayesian view over the frequentist approach.
The statement that illustrates the advantages of the Bayesian view over the frequentist approach is:
"An estimator that takes the maximum of the posterior distribution obtained via Bayes rule is strictly closer to the actual parameter than the maximum likelihood estimator."
This statement highlights the advantage of the Bayesian approach in providing a more accurate estimate of the parameter by incorporating prior beliefs and updating them based on observed data.