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29 // Thinking in probabilities with Taimur Abdaal

Metamuse

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How Do You Calculate Probability Ranges From Historical Data?

We definitly see less of those used cases. The one time it does come up is if you have a bunch of historical data about a particular quantity. And the more useful thing does seem to be being able to apply ranges based on your own assumptions, rather than figuring out ranges or distributions from historical data.

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