Bayesian Statistics

Bayesian statistics uses an approach whereby beliefs are updated based on data that has been collected. This can be an iterative process, whereby a prior belief is replaced by a posterior belief based on additional data, after which the posterior belief becomes a new prior belief to be refined based on even more data. The initial prior belief in this series may be based on intuition, previous studies, experience, etc.

In inferential statistics, we commonly test hypotheses, estimate parameters, and make predictions. In the traditional approach to statistics, commonly called the frequentist approach, parameters are constants whose values we aim to discern. Bayesian statistics uses a different approach: we treat these parameters as variables that have a probability distribution.

Topics

References

Gelman, A., Carlin, J. B., Stern, H. S., Dunson, D. B., Vehtari, A., Rubin, D. B. (2014) Bayesian data analysis, 3rd Ed. CRC Press
https://statisticalsupportandresearch.files.wordpress.com/2017/11/bayesian_data_analysis.pdf

Marin, J-M and Robert, C. R.  (2014) Bayesian essentials with R. 2nd Ed. Springer
https://www.springer.com/gp/book/9781461486862

Jordan, M. (2010) Bayesian modeling and inference. Course notes
https://people.eecs.berkeley.edu/~jordan/courses/260-spring10/lectures/index.html

Lee, P. M. (2012) Bayesian statistics an introduction. 4th Ed. Wiley
https://www.wiley.com/en-us/Bayesian+Statistics%3A+An+Introduction%2C+4th+Edition-p-9781118332573

7 thoughts on “Bayesian Statistics”

  1. As for medical diagnostic tests, there are online calculators available for computing sensitivity, specificity, positive predictive value, negative predictive value etc. Bayesian statistics is applied when prevalence is taken into consideration to interpret test results.

    https://www.medcalc.org/calc/diagnostic_test.php

    Excel model can be created also.

    Reply
  2. Bayesian statistics is applied in interpreting Covid-19 diagnostic test results and vaccine efficacy expressed as credible interval such as Pfizer-Moderna vaccine.

    It would be beneficial to have such Excel applications available in the menu. Thanks.

    Reply

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