The stock market is an ever-changing place. In fact, it’s changing every second of every day as prices go up and down, and new factors impact the trajectory of the market. It’s important for investors ...

Over the years, many writers have implied that statistics can provide almost any result that is convenient at the time. Of course, honest practitioners use statistics in an attempt to quantify the ...

This article was published in Scientific American’s former blog network and reflects the views of the author, not necessarily those of Scientific American I’m not sure when I first heard of Bayes’ ...

Bayes' theorem, also called Bayes' rule or Bayesian theorem, is a mathematical formula used to determine the conditional probability of events. The theorem uses the power of statistics and probability ...

Nate Silver, baseball statistician turned political analyst, gained a lot of attention during the 2012 United States elections when he successfully predicted the outcome of the presidential vote in ...

Get a simple explanation of Bayes’ Theorem that anyone can understand, even with no advanced math background. This video ...

Bayes' theorem of probability was proposed by English mathematician and clergyman Thomas Bayes in the 1740s, and rediscovered in the 1770s by Pierre Simon Laplace, a French mathematician. It states ...

A probability is a number that takes some value equal to or between zero and one. If the probability of the 'event' of interest is zero, then the event cannot occur. So, for example, the probability ...

In science, progress is possible. In fact, if one believes in Bayes' theorem, scientific progress is inevitable as predictions are made and as beliefs are tested and refined. ~ Nate Silver If the ...