The Bayes factor is a ratio of the marginal likelihoods of two competing hypotheses, often a null hypothesis (\(M_1\)) and an alternative hypothesis (\(M_2\)). It quantifies the support for one hypothesis over the other, given the observed data \(D\). The formula is \(K = \frac{P(D|M_1)}{P(D|M_2)}\). A value of K > 1 indicates that the data favors \(M_1\) over \(M_2\).





