Title: Extended Natural Conjugate Distributions for the Multinormal Process (Classic Reprint)
Publisher: Forgotten Books
Publication Date: 2018
Language: English
ISBN 10: 033193907X
ISBN 13: 9780331939071
Binding: HRD
Condition: New
Weight: 291 grams

About this title

Synopsis

Extendable priors for multivariate normal models that keep analysis simple and flexible.

This work presents an approach to broaden the Normal-Wishart family of priors so you can assign diagonal and other prior variances more freely to the parameters of a multivariate normal data-generating process. The authors show how to preserve analytical convenience while gaining much greater control over prior beliefs.

Learn how to form extended conjugate distributions that stay the same functional form when updated with data.
See how marginal distributions for the mean vector and the covariance-like parameter can be derived easily.
Explore how these extensions support straightforward preposterior analysis and decision making.
Understand the role of Bellman-type extensions and how they influence practical Bayesian modeling.

Ideal for readers of Bayesian statistics and multivariate analysis who want more flexible priors without sacrificing tractability.

"About this title" may belong to another edition of this title.

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