Bayes’ theorem

(redirected from Bayes' law)

Bayes’ theorem

Simplistically, Bayes’ theorem is a formula which allows one to find the probability that an event occurred as the result of a particular previous event. It is often used in medicine to determine the mathematical relationship between the probability that an individual has a disease, X, before the test is run, to the probability that the individual has the disease after the test result is known.
References in periodicals archive ?
We show that a consumer who distrusts both submodels and the posterior over submodels that emerges from Bayes' law will behave in a way that supports much of what Bansal and his coauthors do.
This comprehensive resource covers basic statistical concepts from volatility and Bayes' Law to regression analysis and hypothesis testing.