Bayesian

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Fitness Business Decisions Based on Bayesian Priors

You may be thinking, “OK, Gym Insight, what are you doing posting about esoteric mathematical concepts like Bayesian Priors?” First of all, it’s 2018 and living in the future demands that we apply futuristic methods. Second, I promise not to start quoting mathematical equations. Finally, there is probably something that any fitness business owner can learn by using a little statistical discipline to their business model. What Is This Bayesian Thing? It is more than a method; it’s a way of looking at the world. You have a position, a view that you formed for whatever reason. You can test that [...]

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