• #112 Advanced Bayesian Regression, with Tomi Capretto

  • Aug 7 2024
  • Length: 1 hr and 27 mins
  • Podcast

#112 Advanced Bayesian Regression, with Tomi Capretto

  • Summary

  • Proudly sponsored by PyMC Labs, the Bayesian Consultancy. Book a call, or get in touch!

    • My Intuitive Bayes Online Courses
    • 1:1 Mentorship with me

    Our theme music is « Good Bayesian », by Baba Brinkman (feat MC Lars and Mega Ran). Check out his awesome work!

    Visit our Patreon page to unlock exclusive Bayesian swag ;)

    Takeaways:

    • Teaching Bayesian Concepts Using M&Ms: Tomi Capretto uses an engaging classroom exercise involving M&Ms to teach Bayesian statistics, making abstract concepts tangible and intuitive for students.
    • Practical Applications of Bayesian Methods: Discussion on the real-world application of Bayesian methods in projects at PyMC Labs and in university settings, emphasizing the practical impact and accessibility of Bayesian statistics.
    • Contributions to Open-Source Software: Tomi’s involvement in developing Bambi and other open-source tools demonstrates the importance of community contributions to advancing statistical software.
    • Challenges in Statistical Education: Tomi talks about the challenges and rewards of teaching complex statistical concepts to students who are accustomed to frequentist approaches, highlighting the shift to thinking probabilistically in Bayesian frameworks.
    • Future of Bayesian Tools: The discussion also touches on the future enhancements for Bambi and PyMC, aiming to make these tools more robust and user-friendly for a wider audience, including those who are not professional statisticians.

    Chapters:

    05:36 Tomi's Work and Teaching

    10:28 Teaching Complex Statistical Concepts with Practical Exercises

    23:17 Making Bayesian Modeling Accessible in Python

    38:46 Advanced Regression with Bambi

    41:14 The Power of Linear Regression

    42:45 Exploring Advanced Regression Techniques

    44:11 Regression Models and Dot Products

    45:37 Advanced Concepts in Regression

    46:36 Diagnosing and Handling Overdispersion

    47:35 Parameter Identifiability and Overparameterization

    50:29 Visualizations and Course Highlights

    51:30 Exploring Niche and Advanced Concepts

    56:56 The Power of Zero-Sum Normal

    59:59 The Value of Exercises and Community

    01:01:56 Optimizing Computation with Sparse Matrices

    01:13:37 Avoiding MCMC and Exploring Alternatives

    01:18:27 Making Connections Between Different Models

    Thank you to my Patrons for making this episode...

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