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Bayesian Analysis with Python

You're reading from   Bayesian Analysis with Python A practical guide to probabilistic modeling

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Product type Paperback
Published in Jan 2024
Publisher Packt
ISBN-13 9781805127161
Length 394 pages
Edition 3rd Edition
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Author (1):
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Osvaldo Martin Osvaldo Martin
Author Profile Icon Osvaldo Martin
Osvaldo Martin
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Table of Contents (15) Chapters Close

Preface
1. Chapter 1 Thinking Probabilistically FREE CHAPTER 2. Chapter 2 Programming Probabilistically 3. Chapter 3 Hierarchical Models 4. Chapter 4 Modeling with Lines 5. Chapter 5 Comparing Models 6. Chapter 6 Modeling with Bambi 7. Chapter 7 Mixture Models 8. Chapter 8 Gaussian Processes 9. Chapter 9 Bayesian Additive Regression Trees 10. Chapter 10 Inference Engines 11. Chapter 11 Where to Go Next 12. Bibliography
13. Other Books You May Enjoy
14. Index

6.10 Summary

In this chapter, we have seen how to use Bambi to fit Bayesian models as an alternative to the pure PyMC model. We start with the simplest case, a model with a single predictor, and then move to more complex models, including polynomials, splines, distributional models, models with categorical predictors, and interactions.

The main advantage of Bambi is that it is very easy to use; it is very similar to R’s formula syntax. And internally, Bambi defines weakly informative priors and handles details that can be cumbersome for complex models. The main disadvantage is that it is not as flexible as PyMC. The range of models that Bambi can handle is a small subset of those from PyMC. Still, this subset contains many of the most commonly used statistical models in both industry and academia. The strength of Bambi is not just easy model building, but easier model interpretation. Across the chapter, we have seen how to use Bambi’s interpret module to gain a better understanding...

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