Bayes' theorem, also called Bayes' rule or Bayesian theorem, is a mathematical formula used to determine the conditional probability of events. The theorem uses the power of statistics and probability ...

SERC copy Purchased with Adopt-a-Book funds. "Statistical Rethinking: A Bayesian Course with Examples in R and Stan builds readers’ knowledge of and confidence in statistical modeling. Reflecting the ...

We prove a theorem justifying the regularity conditions which are needed for Path Sampling in Factor Models. We then show that the remaining ingredient, namely, MCMC for calculating the integrand at ...

A man went on an airplane ride. Unfortunately, he fell out. Fortunately, he had a parachute on. Unfortunately, the parachute did not open. Fortunately, there was a haystack below him, directly in the ...