beta distribution

Beta Distribution — Intuition, Derivation, and Examples

Motivation Model probabilities The Beta distribution is a probability distribution on probabilities. The Beta distribution can be understood as representing a distribution of probabilities, that is, it represents all the

Aug 3, 2022 3 min read Probability, tutorial

Beta distribution as a prior

Introduction The Beta distribution is a useful probability distribution when you want model uncertainty over a parameter bounded between 0 and 1. In this post, we’ll explore how the two parameters of the Beta distribution determine its shape.

Jul 25, 2022 2 min read Probability, R, tutorial

Note for Beta Distribution

Why Beta Distribution?

Jan 30, 2021 3 min read Probability, PredictiveAnalytics, tutorial