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All Blog Posts Tagged 'probability' (9)

And Monty Hall Went Bayesian...

In practice, the Data Scientist wants to know which formula they will write in their Excel sheet when they enter all the data available into it: Bayes’ or usual?

The answer is that it depends: if all the data is well…

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Added by Marcia Ricci Pinheiro on February 18, 2019 at 4:50am — No Comments

Bayesian Probability

The sigmatoid Bayesian, according to SEP, connects to a reverend called Thomas Bayes (circa 1700).

Bayesian Probability is like a reaction to the Mathematical Probability: what about our…

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Added by Marcia Ricci Pinheiro on February 16, 2019 at 11:30pm — No Comments

An Introduction to Bayesian Reasoning

An Introduction to Bayesian Reasoning

You might be using Bayesian techniques in your data science without knowing it! And if you're not, then it could enhance the power of your analysis. This blog post, part 1 of 2, will demonstrate how Bayesians employ probability distributions to add information when fitting models, and reason about uncertainty of the model's fit.

Grab a coin. How fair is the coin? What is the probability…

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Added by Sean Owen on February 13, 2019 at 8:00am — 3 Comments

The Real Life Consequences of a Losing Oscar Pool: How We Misunderstand Statistics and Make Bad Choices

This week, movie fans around the country engage in the annual ritual of handicapping the Oscar odds, debating public predictions and seeking signs of how their favorites will fare. Can “Birdman” knock out “Boyhood?” Will the “Selma” snub continue?

Hollywood watchers sometimes try to base their calls on statistics, citing the higher Oscar chances for films already honored with British Academy Film or Screen Actors Guild awards. In…

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Added by Peter Bruce on February 19, 2015 at 2:30pm — No Comments

Development as Art - Hopscotch and Robots

When I read a blog, I often find myself in deep thought as I approach the end, trying to determine if the author has said anything that I might be able to use. A blog doesn't have to say anything. Nor does it have to be useful to me specifically. It might simply offer a personal reflection on life. As a person who also writes blogs, I…

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Added by Don Philip Faithful on January 3, 2015 at 8:16am — No Comments

Building a house and building a data-analytic model

If I want to build a house, wouldn't it be wise to learn carpentry? Does the analogy hold for data-analytic multivariate models? Or is it simply enough to let a machine do it, with no knowledge by the machine operator of how to interpret the results from those modeling efforts? Or is it true, as one person has recently asserted, that he could replicate ALL statistical procedures and techniques using MapReduce, without knowing anything about statistics and probability, or the vast collection…

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Added by Bill Luker Jr on April 28, 2014 at 6:51am — 2 Comments

New England Natural gas Supply Dynamic during October 2013

We are in fall and days are getting colder. soon winter will be on us and all our homes will be heated.  check out Natural gas flow dynamics for New England region during the month of October 2013. 

We have used Algonquin pipeline flow data and natural gas price curves from ICE ( Intercontinental exchange).

Natural Gas Supply Dynamics 

Added by Parag Patil on November 11, 2013 at 9:44am — No Comments

High Performance Computing + Data Science = Competitive Advantage

High Performance Computing (HPC) plus data science allows public and private organizations get…

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Added by Michael Walker on September 17, 2013 at 12:28pm — 1 Comment

Prescriptive Analytics

Business analytics comes in three (3) general flavors: descriptive, predictive and prescriptive. See: …

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Added by Michael Walker on August 27, 2013 at 2:00pm — No Comments

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