What is Bayes’ Theorem

Abhijeet Modi/ October 14, 2021/ Blog/ 0 comments

What is Bayes’ Theorem? In the statistical context, Bayes’ Theorem refers to the mathematical formula that is used for calculating the probability of a certain event considering the prior knowledge related to the event. Also known as Bayes’ rule and Bayes’ law, this theorem gets its name from Thomas Bayes, a famous British mathematician. This mathematical formula helps people identify

Read More