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...e introduction to information criteria, focusing on their application in a statistical context and highlighting why they are relevant to traders and analysts. == What are Statistical Models and Why Do We Need to Compare Them? ==

At its heart, Bayesian analysis is a method of statistical inference that allows you to update your beliefs about an event based on new evidence ...ally intensive, especially for complex models. Modern computing power and statistical software (like R, Python with libraries like PyMC3 or Stan) help mitigate t