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NEW ORLEANS (Reuters) -Debate over whether U.S. interest rates are high enough deepened among Federal Reserve officials this week, and may be stoked further after a key survey showed a jump in ...
Bayes' theorem is named after the Reverend Thomas Bayes ( / beɪz / ), also a statistician and philosopher. Bayes used conditional probability to provide an algorithm (his Proposition 9) that uses evidence to calculate limits on an unknown parameter. His work was published in 1763 as An Essay towards solving a Problem in the Doctrine of Chances.