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• Markov Processes: Markov Processes are stochastic processes that satisfy the Markov property, which states that the future state of the process depends only on the present state and not on the past states. In other words, the probability distribution of the ... Read More >>
• Posterior Distributions: In Bayesian statistics, posterior distributions are probability distributions that represent the updated beliefs about the parameters of a statistical model after taking into account new data. The posterior distribution is obtained by combi ... Read More >>
• Operations Research: Operations Research is a scientific approach to decision-making that uses mathematical models, statistical analysis, and optimization techniques to solve complex problems in business, engineering, and other fields. It involves the use of da ... Read More >>