For more than 60 years, this blank slate approach has been the Food and Drug Administration’s gold standard — and for good ...

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 ...

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

The FDA’s new draft guidance on Bayesian methodology signals a shift toward more flexible, data-driven clinical trial designs, enabling sponsors to use prior data and adaptive approaches to improve ...

Journal of the Royal Statistical Society. Series B (Statistical Methodology), Vol. 76, No. 5 (NOVEMBER 2014), pp. 833-859 (27 pages) The choice of the summary statistics that are used in Bayesian ...

This is a preview. Log in through your library . Abstract From the outside, Bayesian statistics may seem like a closed little corner of probability. Once a prior is specified you compute! From the ...

“Bayesian Statistics the Fun Way: Understanding Statistics and Probability with Star Wars, Lego, and Rubber Ducks,” by Will Kurt (2019 No Starch Press) is an excellent introduction to subjects ...