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 Probabilistic Programming is the next big thing in Data Science

TLDR: This is an opinionated post, but based on recent trends. What is Probabilistic Programming? I recently wrote a course teaching this. Probabilistic Programming is a newish paradigm used in Quantitative Finance, Biology, Insurance and Sports Analytics – it allows you to build generative models to infer latent parameters and the uncertainty of those parameters. It’s been… Continue reading Why Probabilistic Programming is the next big thing in Data Science