Bayesian Thinking Explained in 60 Seconds
0:53
YouTubeBusiness Edutainment
Bayesian Thinking Explained in 60 Seconds
Bayesian thinking is a decision-making approach where we update our beliefs as new evidence emerges—while considering what we already know. Instead of treating each new piece of information in isolation, it combines prior probabilities (our initial understanding) with fresh data to refine conclusions. In business, this helps leaders adapt ...
30 views2 weeks ago
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