In this blog we try to explain what is Bayesian curve in a business friendly way as we can.
Look at the curve above, imagine you are growing a plant in a pot, you pour some amount of water, and you get certain amount of flowers per week, now you increase your water quantity, and you see that you get more flowers.
As you keep increasing your water quantity you keep getting more amount of flowers, but at a certain quantity the amount of flowers peaks, you increase your water, and you see declining yield, that means productivity of the plant starts to decrease even if you increase resources.
Just like a good gardener, the duty of a good business is to identify which parameters affect your business output and to what extent it must be limited. Our business analysts and mathematicians @ Numerical Works will guide you to identify those parameters, experiment with them and achieve peak performance in business.