Bayesian statistics is a particular approach to applying probability to statistical problems. It provides us with mathematical tools to update our beliefs about random events in light of seeing new data or evidence about those events. Bayesian statistics is an approach to data analysis based on Bayes’ theorem, where available knowledge about parameters in a statistical model is updated with the information in observed data. The background knowledge is expressed as a prior distribution and combined with observational data in the form of a likelihood function to determine the posterior distribution. The posterior can also be used for making predictions about future events. In particular Bayesian inference interprets probability as a measure of believability or confidence that an individual may possess about the occurance of a particular event.
Machine learning is a scientific discipline that explores the construction and study of algorithms that can learn from data. Such algorithms operate by building a model from example inputs and using that to make predictions or decisions, rather than following strictly static program instructions. Machine learning is closely related to and often overlaps with computational statistics; a discipline that also specializes in prediction-making.
Through this training we are going to apply Bayesian methods to A/B testing and also use adaptive algorithms to improve A/B testing performance.
Quick and accurate selections with the latest tools
Ultimate Career Guide to Earning Six-Figures Working from Home as an Accountant!
A way to object oriented system design
Learn And Practice Your Factoring Skills In Math!
Part Three: Explore the Titles, Generators, Effects and Transitions in Final Cut Pro
EDUCBA is a leading global provider of skill based education addressing the needs of 1,000,000+ members across 70+ Countries. Our unique step-by-step, online learning model along with amazing 5000+ courses and 500+ Learning Paths prepared by top-notch professionals from the Industry help participants achieve their goals successfully. All our training programs are Job oriented skill based programs demanded by the Industry. At EDUCBA, it is a matter of pride for us to make job oriented hands-on courses available to anyone, any time and anywhere. Therefore we ensure that you can enroll 24 hours a day, seven days a week, 365 days a year. Learn at a time and place, and pace that is of your choice. Plan your study to suit your convenience and schedule.
