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

Cauchy distribution, Cauchy distribution : The probability distribution, f ...

Cauchy distribution : The probability distribution, f (x), can be given as follows   where α is the position of the parameter (median) and the beta β a scale parameter. Moments

Mardia''s multivariate normality test, Mardia's multivariate normality test...

Mardia's multivariate normality test is a test that a set of the multivariate data arise from the multivariate normal distribution against departures due to the kurtosis. The test

Compliance, Compliance : The extent to which the participants in a clinical...

Compliance : The extent to which the participants in a clinical trial follow trial protocol, for instance, following both the intervention regimen and trial procedures (clinical vi

Goodmanand kruskal measures of association, Goodmanand kruskal measures of ...

Goodmanand kruskal measures of association is the measures of associations which are useful in the situation where two categorical variables cannot be supposed to be derived from

Cluster randomization, Cluster randomization : The random allocation of the...

Cluster randomization : The random allocation of the groups or clusters of the individuals in the formation of treatment groups.Eeven though not as statistically ef?cient as the in

Decision tree, The graphic representation of the alternatives in a decision...

The graphic representation of the alternatives in a decision making problem which summarizes all the possibilities foreseen by the decision maker. For instance, suppose we are give

Fan-spread model, This term sometimes is applied to the model for explainin...

This term sometimes is applied to the model for explaining the differences found between naturally happening groups which are greater than those observed on some previous occasion;

Non central distributions, Non central distributions is the series of prob...

Non central distributions is the series of probability distributions each of which is the adaptation of one of the standard sampling distributions like the chi-squared distributio

Pascal''s triangle, Pascal's triangle  is an arrangement of numbers describ...

Pascal's triangle  is an arrangement of numbers described by Pascal in his Traité du Triangle Arithmétique published in the year 1665 as 'The number in each cell is equal to in the

Probability, Modern hotels and certain establishments make use of an electr...

Modern hotels and certain establishments make use of an electronic door lock system. To open a door an electronic card is inserted into a slot. A green light indicates that the doo

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