38 - The Poisson distribution - an introduction - 2

This video provides an introduction to the Poisson distribution, providing a definition, discussing example situations which might be modelled adequately using this distribution, deriving its mean, providing simulations in Matlab which demonstrate its shape, discussing how it can be used to approximate the binomial distribution under certain conditions, and finally describing its conjugate prior - the gamma density.

If you are interested in seeing more of the material, arranged into a playlist, please visit:    • Bayesian statistics: a comprehensive course   Unfortunately, Ox Educ is no more. Don't fret however as a whole load of new youtube videos are coming soon, along with a book that accompanies the series: https://www.amazon.co.uk/gp/product/1... Alternatively, for more information on this video series and Bayesian inference in general, visit: https://ben-lambert.com/bayesian-lect... For more information on econometrics and Bayesian statistics, see: https://ben-lambert.com/