What is BFMI (Bayesian Fraction of Missing Information)?

I recently gave a talk to the excellent research team at Signal Media. And got asked the question I didn’t want to be asked. It was what is the BFMI in PyMC3? The way I largely think of it is, in a practical level – which is – if the BFMI metric is below the… Continue reading What is BFMI (Bayesian Fraction of Missing Information)?

Why would I ever NEED Bayesian Statistics?

Probabilistic Programming versus Machine Learning In the past ten years, we’ve seen an explosion in Machine Learning applications, these applications have been particularly successful in search, e-commerce, advertising, social media and other verticals. These applications have been particularly focused on predictive accuracy and often involve large amounts of data — sometimes in the region of terabytes — in fact this… Continue reading Why would I ever NEED Bayesian Statistics?