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A probability provides a quantitative description of the likely occurrence of a particular event.

0 votes

Combining probabilities in case of incomplete information

If the original models did not consider conditional probabilities you are only left with the option of treating both these probabilities as independent. $ P(not cancel) = 1 - P(cancel) $. Here $P(ca …
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1 vote

Maximizing probability of winning on loaded coin

A 75% win probability is definitely a good edge to have. To answer your question, yes it is possible to generalize for n: 100 - n. …
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3 votes
2 answers
312 views

A question on Bayesian Search

I chanced on this article on wikipedia on Bayesian search. In the mathematics section, it states how the posteriors are estimated. While I understand how $p^{'}$ is calculated, I can't seem to figure …
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1 vote

Can logistic regression's predicted probability be interpreted as the confidence in the clas...

If a classifier predicts a certain class with a probability, that number can be used as a proxy for the degree of confidence in that classification. Not to be confused with confidence intervals. … For example if classifier P predicts two cases as +1 & -1 with probability 80% & 60% then it is correct to say that it is more sure of the +1 classification than the -1 classification. …
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1 vote

Probability of picking a biased coin

Here is a write that describes something very similar to that. The Bayes approach is the right way to proceed.
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2 votes
2 answers
1k views

Bayes Estimation on Dirichlet distribution

I'm trying to get my head around the "hidden species" problem. It goes something like this. You visit a park and run into three species, 3 lions, 2 tigers and 1 bear. You are to determine what is your …
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0 votes
0 answers
24 views

Finding users who will buy. Intractable Numbers

For each user, I've an estimated probability that they would take an action. Call this $1- p_i$. … So its not strictly the probability that the user would take an action. I want to estimate how many users in aggregate $T$ can I expect to take the action. …
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  • 1,046
4 votes
0 answers
682 views

Using probability scores from a random forest

Actual 0 1 Predicted 0 0.97 0.03 1 0.13 0.87 Separately, I've the priors for the probability of a given product being sold. i.e. number of customers buying a certain … My question is two fold 1) When I run the model for a given customer and product combination, I get a probability estimate of buy (given by predict function with type="prob"). …
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3 votes
1 answer
210 views

Binary classifier probability measure?

I've a binary classifier which classifies input feature vectors into either of two classes '$y$' or '$n$', along with the probability of it being in either of the classes $P_y$ and $P_n$. … How do I estimate the true probability of it being in each of the classes? What I'm doing now is to compute $0.6*P_y / (0.6*P_y + 0.4*(1- P_y))$. …
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