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Item Details
Title:
INTRODUCTION TO BAYESIAN ECONOMETRICS
By:
Edward Greenberg
Format:
Paperback
List price:
£35.99
Our price:
£32.39
Discount:
10
% off
You save:
£3.60
ISBN 10:
110743677X
ISBN 13:
9781107436770
Availability:
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available
Publisher:
CAMBRIDGE UNIVERSITY PRESS
Pub. date:
21 August, 2014
Edition:
2nd Revised edition
Pages:
270
Description:
This textbook is an introduction to econometrics from the Bayesian viewpoint. The second edition includes new material.
Synopsis:
This textbook explains the basic ideas of subjective probability and shows how subjective probabilities must obey the usual rules of probability to ensure coherency. It defines the likelihood function, prior distributions and posterior distributions. It explains how posterior distributions are the basis for inference and explores their basic properties. Various methods of specifying prior distributions are considered, with special emphasis on subject-matter considerations and exchange ability. The regression model is examined to show how analytical methods may fail in the derivation of marginal posterior distributions. The remainder of the book is concerned with applications of the theory to important models that are used in economics, political science, biostatistics and other applied fields. New to the second edition is a chapter on semiparametric regression and new sections on the ordinal probit, item response, factor analysis, ARCH-GARCH and stochastic volatility models. The new edition also emphasizes the R programming language.
Illustrations:
29 b/w illus. 19 tables
Publication:
UK
Imprint:
Cambridge University Press
Returns:
Returnable
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