In one day, 433 people won the Philippine lottery jackpot. What were the chances? On October 1, 2022, something strange ...

A big part of his work is figuring out when a statistical method is truly the best choice. Some problems have straightforward ...

Scientists have discovered over 6,000 planets that orbit stars other than our sun, known as exoplanets. More than half of ...

For more than 60 years, this blank slate approach has been the Food and Drug Administration’s gold standard — and for good ...

Learn to apply Bayes' theorem in financial forecasting for insightful, updated predictions. Enhance decision-making with ...

The FDA’s new draft guidance on Bayesian methodology signals a shift toward more flexible, data-driven clinical trial designs, enabling sponsors to use prior data and adaptive approaches to improve ...

Discover how credibility theory helps actuaries use historical data to estimate risks and set insurance premiums; learn how ...

These open-source MMM tools solve different measurement problems, from budget optimization to forecasting and preprocessing.

ABSTRACT: Determining the causal effect of special education is a critical topic when making educational policy that focuses on student achievement. However, current special education research is ...

This study proposes an important new approach to analyzing cell-count data, which are often undersampled and cannot be accurately assessed using traditional statistical methods. The case studies ...