FDA proposes framework clinical trial designs to guide Bayesian methods, improving efficiency in drug development for rare and pediatric conditions.

Discover how credibility theory helps actuaries use historical data to estimate risks and set insurance premiums; learn how ...

Bayesian methods in Structural Equation Modeling (SEM) represent a paradigm shift in statistical analysis, integrating prior beliefs with empirical data to derive robust parameter estimates. This ...

Researchers have employed Bayesian neural network approaches to evaluate the distributions of independent and cumulative ...

Articulate the primary interpretations of probability theory and the role these interpretations play in Bayesian inference Use Bayesian inference to solve real-world statistics and data science ...

The factor model is an important construct for both portfolio managers and researchers in modern finance. For practitioners, factor model coefficients are used to guide the construction of optimal ...

This study presents a Bayesian parametric model for the purpose of estimating the extreme load on a wind turbine. The extreme load is the highest stress level imposed on a turbine structure that the ...