Lifting your understanding of MCMC to an intermediate level

  • “Basic: MCMC allows us to leverage computers to do Bayesian statistics.
  • Intermediate: MCMC is a method that can find the posterior distribution of our parameter of interest. Specifically, this type of algorithm generates Monte Carlo simulations in a way that relies on the Markov property, then accepts these simulations at a certain rate to get the posterior distribution.”¹
  • Advanced: A full statistics lesson.

Maurie Kathan

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