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The History of Local Industry in Nigeria

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Description

– The History of Local Industry in Nigeria –

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Abstract

History has become the studies of the relevant past event to rectify the present problems.

This research work therefore tried to study the history of local industry in Nigeria a case study of leather work in Oyo town, there problems and the solution to the problems they encountered, the importance of leather work.

This will bring about decisive changes in the department of local industries and local technologies.

Introduction

1.1 Background of the Study

In Bayesian approach, the prior information is combined with any new information that is available to form the basis for statistical inference.

Statistical approaches that use prior knowledge in addition to the sample evidence to estimate the population parameters are known as Bayesian methods.

The Bayesian approach seeks to optimally merge information from two sources: (1) knowledge that is known from theory or opinion formed at the beginning of the research in the form of a prior, and (2) information contained in the data in the form of likelihood functions.

Basically, the prior distribution represents our initial belief, whereas the information in the data is expressed by the likelihood function. Combining prior distribution and likelihood function, we can obtain the posterior distribution.

The one parameter Exponential distribution describes the time between events in a Poisson process. Its discrete analogue is the Geometric distribution. Apart from its usage in Poisson processes, it has been used extensively in the literature for life testing.

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