Webstats 210a, fall 2024 homework 5 due on: Webhierarchical bayes full power of bayes is realized in large complex problems with repeat structure allowing us to pool information across many observations e predict a batter's. Statistical decision theory (frequentist and bayesian), exponential families, point estimation, hypothesis testing, resampling methods,. Webunderstand and describe the bayesian perspective and its advantages and disadvantages compared to classical methods. Develop bayesian models for new types of data. Webwe will discuss the structure of statistical models, how to evaluate the quality of a statistical method, how…