Using observations to infer the values of some parameters corresponds to solving an 'inverse problem'. Practitioners usually seek the 'best solution' implied by the data, but observations should only ...
Adam Hayes, Ph.D., CFA, is a financial writer with 15+ years Wall Street experience as a derivatives trader. Besides his extensive derivative trading expertise, Adam is an expert in economics and ...
This article was published in Scientific American’s former blog network and reflects the views of the author, not necessarily those of Scientific American I’m not sure when I first heard of Bayes’ ...