In the ever-evolving toolkit of statistical analysis techniques, Bayesian statistics has emerged as a popular and powerful methodology for making decisions from data in the applied sciences. Bayesian ...

Articulate the primary interpretations of probability theory and the role these interpretations play in Bayesian inference Use Bayesian inference to solve real-world statistics and data science ...

Bayesian statistics represents a powerful framework for data analysis that centres on Bayes’ theorem, enabling researchers to update existing beliefs with incoming evidence. By combining prior ...

Bayes’s core contribution, which Chivers skillfully renders into cogent prose designed to educate the lay reader, is the notion that the likelihood of an event taking place in the future depends, in ...

Don’t worry, a little Bayesian analysis won’t hurt you. By Siobhan Roberts There is a statistician’s rejoinder — sometimes offered as wry criticism, sometimes as honest advice — that could hardly be a ...

The Rev. Thomas Bayes was, as the honorific the Rev. suggests, a clergyman. Too bad he wasn’t a lawyer. Maybe if he had been, lawyers today wouldn’t be so reluctant to enlist his mathematical insights ...

Adam Hayes, Ph.D., CFA, is a financial writer with 15+ years Wall Street experience as a derivatives trader. Besides his extensive derivative trading expertise, Adam is an expert in economics and ...