What is: Approximate Bayesian Computation?
| Source | Accelerating Simulation-based Inference with Emerging AI Hardware | 
| Year | 2000 | 
| Data Source | CC BY-SA - https://paperswithcode.com | 
Class of methods in Bayesian Statistics where the posterior distribution is approximated over a rejection scheme on simulations because the likelihood function is intractable.
Different parameters get sampled and simulated. Then a distance function is calculated to measure the quality of the simulation compared to data from real observations. Only simulations that fall below a certain threshold get accepted.
Image source: Kulkarni et al.
