Probability Statistics - The Foundations of Machine Learning - Foundations of Bayesian Inference

The video introduces Bayesian inference as a future trend in machine learning and data science. It explains the concept using a housing price prediction example, highlighting the limitations of traditional regression and point estimates. The video discusses the importance of confidence and uncertainty in statistical estimates and presents Bayesian inference as a solution. It emphasizes the simplicity of Bayesian inference conceptually, despite its computational challenges, and illustrates its application in real-world scenarios.

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