Bayesian thinking helps you make better decisions by updating your beliefs when new evidence appears. Even in games of chance like scratch-off lotteries, paying attention to information can improve ...
Abstract: The inclusion of distributed energy resources (DERs) has transformed the traditional distribution network (DN) into active distribution network (ADN). The DERs are intermittent by nature ...
Discover how credibility theory helps actuaries use historical data to estimate risks and set insurance premiums; learn how ...
Discover how the Dutch Book Theorem reveals profit opportunities in betting and finance when probabilities are misjudged.
Abstract: This paper presents an effective and efficient method for classifying text documents in order to deliver feasible information retrieval using naïve bayes algorithm. Today lots of algorithms ...
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