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> Statistics don't help you predict a coin flip (actually I think tails is ever-so-slightly more likely) Uh... yes it does. We have laws of large number and e
by digitalzombie 9y ago
> Statistics don't help you predict a coin flip (actually I think tails is ever-so-slightly more likely)
Uh... yes it does.
We have laws of large number and expected value. You just have to do a binomial distribution and use the data to fit your model.
Statistical learning is a thing. Element of statistical learning is a classic made by several famous statisticians who are responsible for LASSO, RIDGE, Elasticnet regressions.
Bayesian network is also a thing. Likewise with Bayesian Hierarchical Modeling (HM).
A coin flip is actually the easiest thing to predict and for advance statistical learning model such as HM they start out with Binomial Distribution and usually the example is a coin flip.