Grades of Evidence Cheat Sheet
There are at least three traditions in statistics which work with a kind of likelihood ratios (LRs): the “Bayes factor camp”, the “AIC camp”, and the “likehood camp”. In my experience, most people do not have an intuitive understanding of LRs. When I give talks about Bayes factors, the most predictable question is “And how much is a BF of 3.4? Is that something I can put confidence in?”. I tried…