Statistics

John Larry Kelly Jr. (December 26, 1923 – March 18, 1965), was an American scientist who worked at Bell Labs. From a system he’d developed to analyze information transmitted over networks, he created the Kelly Criterion, a formula that predicts the best way to bet or invest money. He was also a pioneer in the field of computer science and artificial intelligence.

Hidden Markov Models (HMMs) are statistical models used for sequential data analysis, where underlying states are inferred from observed data. Employed in speech recognition, bioinformatics, and more.