Bayesian Analysis with Excel and R

Leverage the Full Power of Bayesian Analysis for Competitive Advantage

Bayesian methods can solve problems you can-t reliably handle any other way. Building on your existing Excel analytics skills and experience, Microsoft Excel MVP Conrad Carlberg helps you make the most of Excel-s Bayesian capabilities and move toward R to do even more.

Step by step, with real-world examples, Carlberg shows you how to use Bayesian analytics to solve a wide array of real problems. Carlberg clarifies terminology that often bewilders analysts, provides downloadable Excel workbooks you can easily adapt to your own needs, and offers sample R code to take advantage of the rethinking package in R and its gateway to Stan.

As you incorporate these Bayesian approaches into your analytical toolbox, you-ll build a powerful competitive advantage for your organization-and yourself.

• Explore key ideas and strategies that underlie Bayesian analysis
• Distinguish