This article was written by Sanjib Sharma.
Markov Chain Monte Carlo based Bayesian data analysis has now become the method of choice for analyzing and interpreting data in almost all disciplines of science. In astronomy, over the last decade, we have also seen a steady increase in the number of papers that employ Monte Carlo based Bayesian analysis. New, efficient Monte Carlo based methods are continuously being developed and explored. In this review, we first explain the basics of Bayesian theory and discuss how to set up data analysis problems within this framework. Next, we provide an overview of various Monte Carlo based methods for performing Bayesian data analysis. Finally, we discuss advanced ideas that enable us to tackle complex problems and thus hold great promise for the future. We also distribute downloadable computer software that implements some of the algorithms and examples discussed here.
To read the whole article, with each point developed and link to the downloadable computer software, click here.
DSC Ressources
- Free Book and Resources for DSC Members
- New Perspectives on Statistical Distributions and Deep Learning
- Deep Analytical Thinking and Data Science Wizardry
- Statistical Concepts Explained in Simple English
- Machine Learning Concepts Explained in One Picture
- Comprehensive Repository of Data Science and ML Resources
- Advanced Machine Learning with Basic Excel
- Difference between ML, Data Science, AI, Deep Learning, and Statistics
- Selected Business Analytics, Data Science and ML articles
- Hire a Data Scientist | Search DSC | Find a Job
- Post a Blog | Forum Questions
