Bayesian Inference
Aug 25, 2017 · 12 min read
Credits: https://www.datascience.com/blog/introduction-to-bayesian-inference-learn-data-science-tutorials
http://fastml.com/bayesian-machine-learning/
Bayesian inference is an extremely powerful set of tools for modeling any random variable, such as the value of a regression parameter, a demographic statistic, a business KPI.
This approach to modeling uncertainty is particularly useful when:
- Data is limited
- We’re worried about overfitting
- We have reason to believe that…

