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Current Trends in Bayesian Methodology with Applications
book

Current Trends in Bayesian Methodology with Applications

by Satyanshu K. Upadhyay, Umesh Singh, Dipak K. Dey, Appaia Loganathan
May 2015
Intermediate to advanced content levelIntermediate to advanced
680 pages
22h 33m
English
Chapman and Hall/CRC
Content preview from Current Trends in Bayesian Methodology with Applications
196 Current Trends in Bayesian Methodology with Applications
0 2 4 6 8 10 12
0 2 4 6 8 10
distance
FIGURE 9.5
Plots of prior (—) and posterior (– –) densities of distance to
ˆ
R
2
in Example
4.
appropria te. Figure 9.5 plots the prior and posterior dens ities of the distance
from
ˆ
R
q
which shows a huge increase in belief for the estimate.
TABLE 9.6
Estimated correlations in Example 4 based on H
2
0
.
CAN JAP FRA ITA GER
US 0.823 0.727 0.454 0.508 0.146
CAN 0.495 0.094 0.095 0.186
JAP 0.535 0.606 0.057
FRA 0.872 0.06 5
ITA 0.077
From this analysis we see that we have strong evidence that the five cur -
rencies are related by two common variables. We can examine
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Publisher Resources

ISBN: 9781482235128