The US Food and Drug Administration (FDA) is now “open to bayesian statistics,” contrasting this with the frequentist approach that the agency and the drug industry have historically relied on for ...

For more than 60 years, this blank slate approach has been the Food and Drug Administration’s gold standard — and for good ...

Bayesian statistics represents a powerful framework for data analysis that centres on Bayes’ theorem, enabling researchers to update existing beliefs with incoming evidence. By combining prior ...

This is a preview. Log in through your library . Abstract From the outside, Bayesian statistics may seem like a closed little corner of probability. Once a prior is specified you compute! From the ...

Discover how credibility theory helps actuaries use historical data to estimate risks and set insurance premiums; learn how the Bayesian and Buhlmann methods relate.

The FDA’s new draft guidance on Bayesian methodology signals a shift toward more flexible, data-driven clinical trial designs, enabling sponsors to use prior data and adaptive approaches to improve ...

Get your news from a source that’s not owned and controlled by oligarchs. Sign up for the free Mother Jones Daily. It is really, really hard to find stuff to write about other than the C19 pandemic.

“Bayesian Statistics the Fun Way: Understanding Statistics and Probability with Star Wars, Lego, and Rubber Ducks,” by Will Kurt (2019 No Starch Press) is an excellent introduction to subjects ...

The Rev. Thomas Bayes was, as the honorific the Rev. suggests, a clergyman. Too bad he wasn’t a lawyer. Maybe if he had been, lawyers today wouldn’t be so reluctant to enlist his mathematical insights ...