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Beta Distributions

Towards Data Science

Somehow, in years of schooling, I’d never heard of beta distributions until I stumbled onto them on accident over at David Robinson’s blog, but they’ve quickly become one of my favorite…

Beta Distribution Simply Explained

Towards Data Science

A concise and easy explanation of the Beta distribution. Continue reading on Towards Data Science

Once again, Beta Distribution

Analytics Vidhya

Long time ago I’ve been asked a question “Why is Beta distribution used in Bayes theorem” at an interview for Data Analyst position. At that time I’ve never heard of Beta Distribution therefore I…

Beta Distribution — Intuition, Examples, and Derivation

Towards Data Science

The Beta distribution is a probability distribution on probabilities. For example, we can use it to model the probabilities: the Click-Through Rate of your advertisement, the conversion rate of…

Beta Distributions: A Cornerstone of Bayesian Calibration

Towards Data Science

Hi there! Distributions may not seem like a complex concept at first glance, but they are incredibly powerful and fundamental in the world of data analysis and statistics. Think about it this way: if ...

Visualizing Beta Distribution and Bayesian Updating

Towards Data Science

Beta distribution is one of the more esoteric distributions compared to Bernoulli, Binomial and Geometric distributions. This post supplements intuitive understanding with visual learning.

The Three B’s — Bernoulli, Binomial and Beta Distributions

Level Up Coding

Three common statistical distributions that every engineer should understand. Continue reading on Level Up Coding

How the Beta distribution connects sorting and tossing coins

Towards Data Science

Say you have a coin and know nothing about the probability of heads. It’s reasonable to assume it’s distributed uniform between 0 and 1 (no reason to prefer any probability over any other since we…

Probability Distribution

Towards Data Science

I’m a data scientist for a mobile application. As a data scientist, you will often draw a random sample from the population to conduct experiments or analyses. With the random sample, you make…

Distribution of a single variable

Analytics Vidhya

It is customary to refer to the raw numbers as data and the output of data analysis as information. You start with the data, and you hope to end with information that an organization can use for…

Gamma Distribution Simply Explained

Towards Data Science

An explanation of the Gamma Distribution and its origins Continue reading on Towards Data Science

Alpha and Beta Calculation

Python in Plain English

As you can guess from the intro, today’s article is related to Greeks. Not the option related Greeks: that’s still on our plate for another time, but for Alpha and Beta. So, what is Alpha and Beta, ot...