Depending on how the Iranian situation develops, oil prices could move up or down briefly or persist at elevated levels.

Bayes' theorem is a statistical formula used to calculate conditional probability. Learn how it works, how to calculate it ...

This article discusses possible reasons why posterior clade probabilities obtained from Bayesian phylogenetic analyses might be inaccurate. It attempts to list all ...

Machine Learning gets all the marketing hype, but are we overlooking Bayesian Networks? Here's a deeper look at why "Bayes Nets" are underrated - especially when it comes to addressing probability and ...

Bayesian networks, also known as Bayes nets, belief networks, or decision networks, are a powerful tool for understanding and reasoning about complex systems under uncertainty. They are essentially ...

How likely you think something is to happen depends on what you already believe about the circumstances. That is the simple concept behind Bayes' rule, an approach to calculating probabilities, first ...

Everyone who spends time with children knows how incredibly much they learn. But how can babies and young children possibly learn so much so quickly? In a recent article in Science, I describe a ...

Forbes contributors publish independent expert analyses and insights. Writes about the future of finance and technology, follow for more. Joint probability teaches us to calculate combined outcomes.