Learn how prior probability informs economic theory and decision-making in Bayesian statistics. Understand its role before collecting new data.

Figure 1: Composite target/decoy database searching strategy provides an accurate estimate of false-positive rates for large data sets by knowingly distracting fifty ...

Risk management involves a three-step procedure: hazard identification, risk assessment, and risk mitigation in case of unacceptable risk levels. In fact, the hazard identification process should ...

Neurophysiologists often administer a stimulus and simultaneously record neural activity from a brain region believed to respond to that stimulus. The stimulus can be physical in nature, such as light ...

Develop strong data analysis skills to address changing business challenges, make decisions based on data, and use visualisations to clearly present findings and outcomes. The Data-Driven Management: ...