Bayesian spatial statistics and modeling represent a robust inferential framework where uncertainty in spatial processes is explicitly quantified through probability distributions. This approach ...

Learn to apply Bayes' theorem in financial forecasting for insightful, updated predictions. Enhance decision-making with ...

Empirical Bayes is a versatile approach to “learn from a lot” in two ways: first, from a large number of variables and, second, from a potentially large amount of prior information, for example, ...

Artificial intelligence can solve problems at remarkable speed, but it's the people developing the algorithms who are truly driving discovery. At The University of Texas at Arlington, data scientists ...

Median regression models become an attractive alternative to mean regression models when employing flexible families of distributions for the errors. Classical ...

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

We adapt a semi-Bayesian hierarchical modeling framework to jointly characterize the space–time variability of seasonal precipitation totals and precipitation extremes across the Northern Great Plains ...

Researchers have employed Bayesian neural network approaches to evaluate the distributions of independent and cumulative ...

Machine Learning gets all the marketing hype, but are we overlooking Bayesian Networks? Here's a deeper look at why "Bayes Nets" are underrated - especially when it comes to addressing probability and ...