Prior probability, in Bayesian statistical inference, is the probability of an event based on established knowledge, before empirical data is collected.

A method for estimating the probability of occurrence of an event from dichotomous or polychotomous data is developed, using a recursive approach. The method in the dichotomous case is applied to the ...

The purpose of the Institute of Mathematical Statistics (IMS) is to foster the development and dissemination of the theory and applications of statistics and probability. The Institute was formed at a ...

We live in a world where a lot of things seem to happen by pure chance, from winning the Lotto to losing your car keys. But the truth is, the likelihood of many everyday things happening is heavily ...