An introduction to the Beta distribution

This video provides an introduction to the beta distribution; giving its definition, explaining why we may use it, and the range of beliefs that can be described by this versatile distribution.
This video is part of a lecture course which closely follows the material covered in the book, "A Student's Guide to Bayesian Statistics", published by Sage, which is available to order on Amazon here: www.amazon.co.uk/Students-Gui...
For more information on all things Bayesian, have a look at: ben-lambert.com/bayesian/. The playlist for the lecture course is here: • A Student's Guide to B...

[@sanchuro7140]

As a grad student of fin math, I got to say your videos are very helpful! Thanks so much

[@juliansito1234]

Thank you very much. This distribution was always cryptic to me!

[@liamhoward2208]

What does it mean that “The beta distribution is a way to specify a belief about a probability”? Can you give a solid example of what the beta distribution tells us? For example let’s say the mean of our beta distribution is y = 50%. What does that mean? Thanks again.

[@anandmenon1161]

Thanks Ben for the excellent explanation! Would you be able to make one on the Dirichlet distribution also?...given the Beta distribution is a special case of it. Thank you.

[@SadamHussain-lw4cc]

How to solve Beta Distribution (Density and Cumulative) Equations in Excel?