PyMC3

PyMC3 is a software library used for Bayesian statistical modeling and probabilistic programming. It allows researchers and analysts to build models that represent complex systems or uncertainties using probability distributions. With PyMC3, users can define models, incorporate prior knowledge, and infer unknown variables from data through advanced algorithms, primarily Markov Chain Monte Carlo (MCMC). This helps in making data-driven decisions, understanding uncertainties, and updating beliefs as new data becomes available. Essentially, PyMC3 provides a flexible and powerful tool for scientifically rigorous analysis where uncertainty plays a key role.