Statistics 101: Credible vs Confidence Interval

Grasp the idea behind credible and confidence interval in 5 minutes

Photo by agus prianto on UnsplashUnder Bayes’ theorem, no theory is perfect. Rather, it is a work in progress, always subject to further refinement and testing. — Nate Silver

In the era of Artificial Intelligence, Bayesian statistics has certainly become a hot topic. A simple, but good explanation, is the ability of the Bayesian framework to reduce uncertainty around machine learning models leading to reliable predictions. Today, my …

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