Könyv Bayesian Full Information Structrual Analysis Juan Antonio Morales

Bayesian Full Information Structrual Analysis

with an Application to the Study of the Belgian Beef Market

Nyelv: Angol
Kötés: Puha kötésű
Elérhetőség: Beszállítói készleten
Küldés 5-8 napon belül
19 342 Ft
1 1. Statement of the problem. Bayes' theorem provides a very powerful tool for statistical inferenc...

Információk a könyvről

Nyelv
Angol
Kötés
Könyv - Puha kötésű
oldal
160
EAN
9783540054177
ISBN
9783540054177
Enbook ID
06620339
Súly
329
Méretek
178 x 254 x 10

Teljes leírás

1 1. Statement of the problem. Bayes' theorem provides a very powerful tool for statistical inference, especially when pooling information from different sources is appropriate. Thus, prior information resulting from economic theory and/or from previous (real or hypothetical) samples can be combined with the information embodied in new observations; and this operation can be performed formally, within a rigorous mathematical framework. To introduce the Bayesian analysis of the simultaneous equations model, we shall base our presentation in the very convenient exposition given by Dreze in his presidential adress to the . S' 2 C f Second World ongress 0 the Econometr1c oC1ety. The Bayesian method in statistics is usually presented as follows Consider the joint probability density function f(x.e) defined on the product space X x9, where X = {x} denotes the sample space, and e = {e} denotes the parameter space, If we decompose the joint density f(x,e) in a conditional density f(x/e) and a marginal lThe beginning of this section reviews some very well known proposi tions of Bayesian analysis. Those who are familiar with the subject can skip this part, and start with p.5. 2J.H.Dreze. "Econometrics and Decision Theory". Presidential adress delivered at the Second World Congress of the Econometric Society.

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