Book Image

Bayesian Analysis with Python - Third Edition

By : Osvaldo Martin
Book Image

Bayesian Analysis with Python - Third Edition

By: Osvaldo Martin

Overview of this book

The third edition of Bayesian Analysis with Python serves as an introduction to the main concepts of applied Bayesian modeling using PyMC, a state-of-the-art probabilistic programming library, and other libraries that support and facilitate modeling like ArviZ, for exploratory analysis of Bayesian models; Bambi, for flexible and easy hierarchical linear modeling; PreliZ, for prior elicitation; PyMC-BART, for flexible non-parametric regression; and Kulprit, for variable selection. In this updated edition, a brief and conceptual introduction to probability theory enhances your learning journey by introducing new topics like Bayesian additive regression trees (BART), featuring updated examples. Refined explanations, informed by feedback and experience from previous editions, underscore the book's emphasis on Bayesian statistics. You will explore various models, including hierarchical models, generalized linear models for regression and classification, mixture models, Gaussian processes, and BART, using synthetic and real datasets. By the end of this book, you will possess a functional understanding of probabilistic modeling, enabling you to design and implement Bayesian models for your data science challenges. You'll be well-prepared to delve into more advanced material or specialized statistical modeling if the need arises.
Table of Contents (15 chapters)
Preface
12
Bibliography
13
Other Books You May Enjoy
14
Index

Chapter 11
Where to Go Next

Statistician is the technical term for a cynical data scientist. – Jim Savage

I wrote this book to introduce the main concepts and practices of Bayesian statistics to those who are already familiar with Python and the Python data stack, but not very familiar with statistical analysis. Having read the previous ten chapters, you should have a reasonable practical understanding of many of the main topics of Bayesian statistics. Although you will not be an expert-Bayesian-ninja hacker (whatever that could be), you should be able to create your own probabilistic models to solve your own data analysis problems. If you are really into Bayesian statistics, this book will not be enough – no single book will be enough.

To become fluent in Bayesian statistics, you will need practice, time, patience, more practice, enthusiasm, problems, and even more practice. You will also benefit from revisiting ideas and concepts from a different perspective. To...