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Adrian Smith on the power of Bayesian statistics

The Life Scientific

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Bayesian Stats - A Throwback to a Simple Age

The name Bayes comes from the Reverend Thomas Bayes, who invented a little formula. It's actually to do with positions on a billiard table. And this is what we refer to as Bayesian statistics now. The classic example that was- Billions have actually led to Bayesian statistics.

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