Bayesian full information structural analysis. with an application to the study of the Belgian beef market.

Morales, J.-A.:

ISBN 10: 3540054170 / ISBN 13: 9783540054177

Verlag: Springer, 1971

Beschreibung

Ehem. Bibliotheksexemplar mit Signatur und Stempel. GUTER Zustand, ein paar Gebrauchsspuren. Ex-library with stamp and library-signature. GOOD condition, some traces of use. Sq 408 3540054170 Sprache: Englisch Gewicht in Gramm: 550.

Bestandsnummer des Verkäufers 2096367

Bibliografische Details

• Titel: Bayesian full information structural analysis. with an application to the study of the Belgian beef market.
• Verlag: Springer
• Erscheinungsjahr: 1971
• Sprache: Englisch
• ISBN-10: 3540054170
• ISBN-13: 9783540054177
• Einband: Softcover
• Verkäuferkataloge:
  • SA MATHEMATIK

Über diesen Titel

Inhaltsangabe

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.