INTRODUCTION TO BAYESIAN ECONOMETRICS by Edward Greenberg ( 9780521858717 )

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Title:

INTRODUCTION TO BAYESIAN ECONOMETRICS

By:

Edward Greenberg

Format:

Hardback

List price:	£34.99
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ISBN 10:

0521858712

ISBN 13:

9780521858717

Publisher:

CAMBRIDGE UNIVERSITY PRESS

Pub. date:

8 October, 2007

Pages:

222

Description:

This book introduces the increasingly popular Bayesian approach to statistics to graduates and advanced undergraduates.

Synopsis:

This book introduces the increasingly popular Bayesian approach to statistics to graduates and advanced undergraduates. In contrast to the long-standing frequentist approach to statistics, the Bayesian approach makes explicit use of prior information and is based on the subjective view of probability. Bayesian econometrics takes probability theory as applying to all situations in which uncertainty exists, including uncertainty over the values of parameters. A distinguishing feature of this book is its emphasis on classical and Markov chain Monte Carlo (MCMC) methods of simulation. The book is concerned with applications of the theory to important models that are used in economics, political science, biostatistics, and other applied fields. These include the linear regression model and extensions to Tobit, probit, and logit models; time series models; and models involving endogenous variables.

Illustrations:

15 tables

Publication:

Imprint:

Cambridge University Press

Returns:

Returnable

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