In my practice, I find most people involved with advanced analytics, such as predictive, data science, and ML, are familiar with the name Bayes, and can even reproduce the simple theorem below. Still, ...

It is well known that standard frequentist inference breaks down in IV regressions with weak instruments. Bayesian inference with diffuse priors suffers from the same problem. We show that the issue ...

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 ...

The parametric bootstrap can be used for the efficient computation of Bayes posterior distributions. Importance sampling formulas take on an easy form relating to the deviance in exponential families ...

The Western Conference standings are a jumbled mess with only five games separating positions No. 4 through No. 10. In the Eastern Conference, things are not as competitive, except at the top where ...

"In this universe effect follows cause. I've complained about it, but. . ." -- House (Laurie), pre-sponding to D. Bem "The more extraordinary the event, the greater the need for it to be supported by ...

Machine Learning gets all the marketing hype, but are we overlooking Bayesian Networks? Here's a deeper look at why "Bayes Nets" are underrated - especially when it comes to addressing probability and ...

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 ...

"In this universe effect follows cause. I've complained about it, but. . ." -- House (Laurie), pre-sponding to D. Bem "The more extraordinary the event, the greater the need for it to be supported by ...