(1) You are given a distribution of past outcomes that describe a process. (pic: red dist.)
(2) You collect new data on the same process and get a new distribution of outcomes. (pic: black dist.)
These two distributions turns out to be somewhat different. Is it possible to calculate a distribution of the expected future outcomes needed for the new data (black dist.) to converge and become identical to the old one (red dist.)? If so, how?
(2) You collect new data on the same process and get a new distribution of outcomes. (pic: black dist.)
These two distributions turns out to be somewhat different. Is it possible to calculate a distribution of the expected future outcomes needed for the new data (black dist.) to converge and become identical to the old one (red dist.)? If so, how?
