Master probabilistic programming and inference. Learn to update beliefs with data using Markov Chain Monte Carlo (MCMC) methods and the PyMC library.
Bayesian statistics offers a powerful alternative to traditional frequentist methods by incorporating prior knowledge and updating beliefs as new data arrives. This advanced course teaches you to build probabilistic models that quantify uncertainty in real-world scenarios. You will master the mathematics of Bayes' Theorem, implement Markov Chain Monte Carlo (MCMC) algorithms, and use the PyMC library to solve complex inference problems. This approach is essential for decision-making under uncertainty, A/B testing, and risk modeling.
Estimated completion time: 21 lessons • Self-paced learning • Lifetime access
Conceptually different from standard stats, but we build intuition.
Better handling of uncertainty and small data samples.
Calculus and probability theory are necessary foundations.
Used heavily in finance, pharma, and marketing science.