What is Bayesian Theory? How does it help forecasters make better predictions? Named after Thomas Bayes, Bayesian Theory is one of the best ways to determine the probability of an event in the future. In his book The Signal and the Noise, Nate Silver shares two lessons you can use to correctly apply Bayesian Theory to any situation. Let’s take a look at Bayesian Theory in detail.
How Bayesian Theory Helps Us Predict the Future
