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Category Archives: Bayesian Inference and Statistics

Data Analytics Challenge 1 (Clue # 3) : Does Bayes’ Theorem have a Better Answer?

· Roopam Upadhyay · 3 Comments

Data Analytics Challenge 1 – The Shady Gambler This is the final part of the first data analytics challenge on YOU CANalytics. You could find the previous parts at these links: Part-1 & Part-2. As mentioned earlier, these challenges require your participation for the investigation to move ahead. You had some really good discussions in the previous parts: Discussion Part 1 &

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Posted in Analytics Challenge, Bayesian Inference and Statistics |

Books to Teach Yourself Probability and Bayesian Statistics (Part 1)

· Roopam Upadhyay · 8 Comments
Self Learning Bayesian Statistics

Self Study: Probability and Bayesian Statistics An average 21-year-old with a college degree spends a little over 15000 hours in classroom lectures. This accounts for a roughly 8th portion of his / her active life on this planet. To me, this alone is a good enough reason to bring constant improvement in our education system.

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Posted in Analytics Book Club, Analytics Graffiti, Bayesian Inference and Statistics | Tags: Bayesian inference, Business Analytics, Predictive Analytics, Roopam Upadhyay |

Bayes’ Theorem – Monty Hall Problem

· Roopam Upadhyay · 21 Comments
Monty Hall & Bayes Theorem - by Roopam

Monty Hall Problem Monty Hall is back, for one last time, to host the famous show from the 1960s ‘Let’s Make a Deal’. You are his final guest and the prize is really desirable – a red Ferrari 458 Italia. Monty is no generous host; he could be over 90 years old, but he is

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Posted in Analytics Graffiti, Bayesian Inference and Statistics | Tags: Bayesian inference, Business Analytics, Predictive Analytics, Roopam Upadhyay |

Bayesian Inference – Made Simple

· Roopam Upadhyay · 9 Comments
The Mystical Dance - by Roopam

In this article we are going to discuss Bayesian inference and statistics. In order to gain understanding of Bayesian inference we will use the experiment of coin tossing. Hence it is only appropriate to have a quick discussion about the power of… …Flip of the Coin To begin with, let me pay my tribute to

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Posted in Analytics Graffiti, Bayesian Inference and Statistics | Tags: Bayesian inference, Business Analytics, Customer Segmentation, Predictive Analytics, Roopam Upadhyay |

Murder Cases, Evidence and Logical Rigor

· Roopam Upadhyay · 6 Comments
Bayesian statistics for Logical Rigor

Aarushi Murder Case & Logical Rigor Last week, on 25th November 2013, Ghaziabad High Court has given the verdict in the Aarushi murder case. The media frenzy in India has not allowed the public interest in the case to die down for the last five and a half year. The verdict as expected was all

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Posted in Analytics Graffiti, Bayesian Inference and Statistics | Tags: Bayesian inference, Business Analytics, Customer Segmentation, Predictive Analytics, Roopam Upadhyay |

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