The final product of the reasoning and/or learning is a quantitative object called the joint probability distribution (JPD), which allows us to make inferences about the probability of occurrence of ...

A binomial tree is a graphical model used to represent the potential ... and the value of the option at any node depends on the probability that the price of the underlying asset will either ...

A five-minute formula from Alexander Denev that takes you through a simple probabilistic graphical model and explains how and why these are used. Find out more about the ground-breaking book, ...