Bayes factor, Advanced Statistics

Assignment Help:

Bayes factor: A summary of evidence for the modelM1 against the another modelM0 provided by the set of data D, which can be used in the model selection. Given by the ratio of posterior to previous odds,

541_Bayes factor.png 

Twice the logarithm of B10 is on the similar scale as the deviance and the likelihood ratio test statistic. The following scale is many times useful for interpreting the values of B10;


1439_Bayes factor1.png 


Very sensitive to the assumed previous distribution of the models. 


Related Discussions:- Bayes factor

Deviance, The measure of the degree to which the particular model differs f...

The measure of the degree to which the particular model differs from the saturated model for the data set. Explicitly in terms of the likelihoods of the two models can be defined a

Homework and Assignment assistance for RES610 Course, Interested in 10 hour...

Interested in 10 hour program with twice a week tutoring for 1 hour each. Need tutor to assist with answering the assignment questions for the next 5 weeks.

Em algorithm, The method or technique for producing the sequence of paramet...

The method or technique for producing the sequence of parameter estimates that, under the mild regularity conditions, converges to maximum likelihood estimator. Of particular signi

Compute the portfolio expected return, (a) You are trying to develop a stra...

(a) You are trying to develop a strategy for investing in two different stocks, Stock A and Stock B. The anticipated annual return for a $1000 investment in each stock under four

Hanging rootogram, Hanging rootogram is   he diagram comparing the observe...

Hanging rootogram is   he diagram comparing the observed rootogram with the ?tted curve, in which dissimilarities between the two are displayed in relation to the horizontal axis,

Frailty, A term usually used for unobserved individual heterogeneity. Such ...

A term usually used for unobserved individual heterogeneity. Such variation is of main concern in the medical statistics particularly in the analysis of the survival times where ha

Profile plots, Profile plots  is a technique of representing the multivaria...

Profile plots  is a technique of representing the multivariate data graphically. Each of the observation is represented by a diagram comprising of a sequence of equispaced vertical

Cascadedparameters, Cascadedparameters: A group of parameters which is int...

Cascadedparameters: A group of parameters which is interlinked and where selecting the value for the ?rst parameter affects the choice and option available in the subsequent param

Cohort component method, Cohort component method : A broadly used method or...

Cohort component method : A broadly used method or technique of forecasting the age- and sex-speci?c population to the upcoming years, in which the initial population is strati?ed

Machine learning, Machine learning  is a term which literally means the ab...

Machine learning  is a term which literally means the ability of a machine to recognize patterns which have occurred repetitively and to improve its performance based on the past

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd