Useful tips for everyday
How do I choose Bayesian prior? Be transparent with your assumptions. Only use uniform priors if parameter range is restricted. Use of super-weak priors can…
What is the meaning of the two envelopes problem? The two envelopes problem, also known as the exchange paradox, is a brain teaser, puzzle, or…
What is a placebo-controlled design? Placebo-controlled studies are a way of testing a medical therapy in which, in addition to a group of subjects that…
What is an out-of-sample prediction? Out-of-sample is data that was unseen and you only produce the prediction/forecast one it. Under most circumnstances the model will…
How do you calculate risk difference? The risk difference is calculated by subtracting the cumulative incidence in the unexposed group (or least exposed group) from…
How do you interpret a confidence interval for two means? Thus, the difference in sample means is 0.1, and the upper end of the confidence…
Why does the loss / accuracy fluctuate during the training? For batch_size=2 the LSTM did not seem to learn properly (loss fluctuates around the same…
How is a statistical test used to analyze differences between groups? Statistical tests can be used to analyze differences in the scores of two or…
Is statistical hypothesis same as hypothesis? Statistical hypotheses are NOT the same as scientific hypotheses. Statistical hypotheses are not alternative explanations for observed patterns or…
When to use variance decomposition? Variance decomposition enables you to determine how much of the variability in dependent variable is lagged by its own variance.…