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 ...

Discover how credibility theory helps actuaries use historical data to estimate risks and set insurance premiums; learn how ...

Scientists have developed a method to identify symmetries in multi-dimensional data using Bayesian statistical techniques. Bayesian statistics has been in the spotlight in recent years due to ...

Symmetries in nature make things beautiful; symmetries in data make data handling efficient. However, the complexity of identifying such patterns in data has always bedeviled researchers. Scientists ...