Investing Based on Probabilities
Feb 21st, 2007 | By Penny Sleuth Contributor | Category: Macroeconomics
A mathematician named Thomas Bayes developed a technique in the 18th century called Bayesian Analysis. Essentially, it’s good at predicting patterns from very limited data. Just a few examples -- even one -- can be enough to lead to an accurate conclusion.
The Economist reports that computer scientists are now using ...read more
