Using the Bayesian Probability to estimate the real Conversion Rate.

This scatterplot helps us in understanding the relation between Temperature and Number of Total Bike Rentals from the Bike Sharing Demand Data. As evident from the plot, we see that there is a positive relation between temperature and count of bike rentals, however, from the naked eye it seems that the relationship might be non-linear.

Residual plot of the linear regression model applied on faithful data set.