Learn how prior probability informs economic theory and decision-making in Bayesian statistics. Understand its role before collecting new data.

The stock market is an ever-changing place. In fact, it’s changing every second of every day as prices go up and down, and new factors impact the trajectory of the market. It’s important for investors ...

It’s estimated that human adults make about 35,000 decisions a day — the percentage of good decisions depends on the adult. These choices can be as banal as deciding to roll or crumple toilet paper or ...

This article was published in Scientific American’s former blog network and reflects the views of the author, not necessarily those of Scientific American I’m not sure when I first heard of Bayes’ ...

In science, progress is possible. In fact, if one believes in Bayes' theorem, scientific progress is inevitable as predictions are made and as beliefs are tested and refined. ~ Nate Silver If the ...

The beauty of Bayesian sensors is that they can make your Home Assistant automations much more accurate. If your cat does sometimes set off your motion sensor, for example, you can't rely on the ...

What’s often misunderstood about Google’s incrementality testing and how Bayesian models use probability to guide better ...

The main focus of this short course will be the Bayesian aspect of it. That means this is a slightly more advanced course requiring some knowledge of basic probability, regression methods, and the R ...

Bayes' theorem, also called Bayes' rule or Bayesian theorem, is a mathematical formula used to determine the conditional probability of events. The theorem uses the power of statistics and probability ...