Bayes' theorem is a statistical formula used to calculate conditional probability. Learn how it works, how to calculate it ...

The FDA has released draft guidance on how sponsors can use Bayesian models for clinical trials.

The stock market is an ever-changing place. In fact, it’s changing every second of every day as prices go up and down, and new factors impact the trajectory of the market. It’s important for investors ...

The guidance encourages the use of Bayesian statistics in drug trials. Instead of starting from scratch and only adding new information from the trial, the framework allows researchers to incorporate ...

Introduction: Bayesian data mining methods have been used to evaluate drug safety signals from adverse event reporting systems and allow for evaluation of multiple endpoints that are not prespecified.