Fully probabilistic knowledge expression and incorporation

Abstract

An exploitation of prior knowledge in parameter estimation becomes vital whenever measured data is not informative enough. Elicitation of quantified prior knowledge is a well-elaborated art in societal and medical applications but not in the engineering ones. Frequently required involvement of a facilitator is mostly unrealistic due to either facilitator's high costs or complexity of modelled relationships that cannot be grasped by humans. This paper provides a facilitator-free approach based on an advanced knowledgesharing methodology. It presents the approach on commonly available types of knowledge and applies the methodology to a normal controlled autoregressive model.