O'Reilly logo

Numerical Python : A Practical Techniques Approach for Industry by Robert Johansson

Stay ahead with the world's most comprehensive technology and business learning platform.

With Safari, you learn the way you learn best. Get unlimited access to videos, live online training, learning paths, books, tutorials, and more.

Start Free Trial

No credit card required

CHAPTER 16

image

Bayesian Statistics

In this chapter we explore an alternative interpretation of statistics – Bayesian statistics – and the methods associated with this interpretation. Bayesian statistics, in contrast to the frequentist’s statistics that we used in Chapter 13 and Chapter 14, treat probability as a degree of belief rather than as a measure of proportions of observed outcomes. This different point of view gives rise to distinct statistical methods that can be used in problem solving. While it is generally true that statistical problems can in principle be solved using either frequentist or Bayesian statistics, there are practical differences ...

With Safari, you learn the way you learn best. Get unlimited access to videos, live online training, learning paths, books, interactive tutorials, and more.

Start Free Trial

No credit card required