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RA Quick Insights: The Power of Bayesian Analysis for Pricing Scenario Modeling
If you haven't tried #bayesian analysis to attack common business problems, I highly encourage you to explore it.
Companies' data science curve often starts with linear regression before a giant leap to ML within weeks or months (ensemble models, even some deep learning).
In pragmatic terms, the power of Bayesian modeling comes from being able to assign probability intervals to predictions.