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Python Data Analysis Cookbook
book

Python Data Analysis Cookbook

by Ivan Idris
July 2016
Beginner to intermediate
462 pages
9h 14m
English
Packt Publishing
Content preview from Python Data Analysis Cookbook

Determining bias

When teaching probability, it is customary to give examples of coin tosses. Whether it is going to rain or not is more or less like a coin toss. If we have two possible outcomes, the binomial distribution is appropriate. This distribution requires two parameters: the probability and the sample size.

In statistics, there are two generally accepted approaches. In the frequentist approach, we measure the number of coin tosses and use that frequency for further analysis. Bayesian analysis is named after its founder the Reverend Thomas Bayes. The Bayesian approach is more incremental and requires a prior distribution, which is the distribution we assume before performing experiments. The posterior distribution is the distribution ...

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Publisher Resources

ISBN: 9781785282287