Bayesian Regression Dataset Suitability Checklist
1. Want to Continuously Update the Model
- Expected to collect new data regularly
- When wanted the model to refine itself over time, without retraining from scratch
- The system works in a real-time or online learning environment
2. Uncertainty Matters to You
- When not just predictions needed, but also how confident the model is
- The decisions are risk-sensitive (e.g., medicine, finance, hiring)
- When okay with ranges or probability-based outcomes
3. Have Prior Knowledge to Use
- Already have a good idea or assumption about the relationship between variables
- Want to incorporate expert opinion or historical data
- Working in a domain with small data but strong priors
4. The Relationship is Linear (or Almost Linear)
- The relationship between the inputs and output is linear or nearly linear
- Want interpretability of coefficients
- The features are numerical or encoded as numbers
5. Want to Avoid Overfitting in Small Datasets
- The dataset is small or noisy, and regular linear regression overfits
- Want a regularized (controlled) model that doesn’t go extreme on limited data
- Want the model to say “I’m unsure” instead of guessing hard
6. Multivariate Relationships Are Present
- When have multiple factors (e.g., experience, education, city) influencing the output
- Want to model joint effects on the target variable
- When plan to weight or rank feature importance using coefficients
Avoid Bayesian Regression If:
- Need ultra-fast predictions at scale (Bayesian models can be slower)
- Have massive data and no use for uncertainty
- Don’t have priors or don’t care about interpretability
Bayesian Regression – Basic Math Concepts