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…Continue
Added by Marcia Ricci Pinheiro on February 18, 2019 at 4:50am — No Comments
Bayesian Probability is like a reaction to the Mathematical Probability: what about our…Continue
Added by Marcia Ricci Pinheiro on February 16, 2019 at 11:30pm — No Comments
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…Continue
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…Continue
Added by Peter Bruce on February 19, 2015 at 2:30pm — No Comments
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…Continue
Added by Don Philip Faithful on January 3, 2015 at 8:16am — No Comments
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…Continue
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).
Added by Parag Patil on November 11, 2013 at 9:44am — No Comments
High Performance Computing (HPC) plus data science allows public and private organizations get…Continue
Business analytics comes in three (3) general flavors: descriptive, predictive and prescriptive. See: …Continue
Added by Michael Walker on August 27, 2013 at 2:00pm — No Comments