Nothing Special   »   [go: up one dir, main page]

About: Bayesian econometrics

An Entity of Type: organisation, from Named Graph: http://dbpedia.org, within Data Space: dbpedia.org

Bayesian econometrics is a branch of econometrics which applies Bayesian principles to economic modelling. Bayesianism is based on a degree-of-belief interpretation of probability, as opposed to a relative-frequency interpretation. The Bayesian principle relies on Bayes' theorem which states that the probability of B conditional on A is the ratio of joint probability of A and B divided by probability of B. Bayesian econometricians assume that coefficients in the model have prior distributions. This approach was first propagated by Arnold Zellner.

Property Value
dbo:abstract
  • Bayesian econometrics is a branch of econometrics which applies Bayesian principles to economic modelling. Bayesianism is based on a degree-of-belief interpretation of probability, as opposed to a relative-frequency interpretation. The Bayesian principle relies on Bayes' theorem which states that the probability of B conditional on A is the ratio of joint probability of A and B divided by probability of B. Bayesian econometricians assume that coefficients in the model have prior distributions. This approach was first propagated by Arnold Zellner. (en)
dbo:wikiPageExternalLink
dbo:wikiPageID
  • 20484367 (xsd:integer)
dbo:wikiPageLength
  • 10452 (xsd:nonNegativeInteger)
dbo:wikiPageRevisionID
  • 1016207273 (xsd:integer)
dbo:wikiPageWikiLink
dbp:wikiPageUsesTemplate
dcterms:subject
gold:hypernym
rdf:type
rdfs:comment
  • Bayesian econometrics is a branch of econometrics which applies Bayesian principles to economic modelling. Bayesianism is based on a degree-of-belief interpretation of probability, as opposed to a relative-frequency interpretation. The Bayesian principle relies on Bayes' theorem which states that the probability of B conditional on A is the ratio of joint probability of A and B divided by probability of B. Bayesian econometricians assume that coefficients in the model have prior distributions. This approach was first propagated by Arnold Zellner. (en)
rdfs:label
  • Bayesian econometrics (en)
owl:sameAs
prov:wasDerivedFrom
foaf:isPrimaryTopicOf
is dbo:academicDiscipline of
is dbo:field of
is dbo:wikiPageWikiLink of
is dbp:field of
is dbp:fields of
is foaf:primaryTopic of
Powered by OpenLink Virtuoso    This material is Open Knowledge     W3C Semantic Web Technology     This material is Open Knowledge    Valid XHTML + RDFa
This content was extracted from Wikipedia and is licensed under the Creative Commons Attribution-ShareAlike 3.0 Unported License