Contemporary Bayesian Econometrics and Statistics

Front Cover
John Wiley & Sons, Oct 3, 2005 - Mathematics - 300 pages
0 Reviews
Tools to improve decision making in an imperfect world

This publication provides readers with a thorough understanding ofBayesian analysis that is grounded in the theory of inference andoptimal decision making. Contemporary Bayesian Econometrics andStatistics provides readers with state-of-the-art simulationmethods and models that are used to solve complex real-worldproblems. Armed with a strong foundation in both theory andpractical problem-solving tools, readers discover how to optimizedecision making when faced with problems that involve limited orimperfect data.

The book begins by examining the theoretical and mathematicalfoundations of Bayesian statistics to help readers understand howand why it is used in problem solving. The author then describeshow modern simulation methods make Bayesian approaches practicalusing widely available mathematical applications software. Inaddition, the author details how models can be applied to specificproblems, including:
* Linear models and policy choices
* Modeling with latent variables and missing data
* Time series models and prediction
* Comparison and evaluation of models

The publication has been developed and fine- tuned through a decadeof classroom experience, and readers will find the author'sapproach very engaging and accessible. There are nearly 200examples and exercises to help readers see how effective use ofBayesian statistics enables them to make optimal decisions. MATLAB?and R computer programs are integrated throughout the book. Anaccompanying Web site provides readers with computer code for manyexamples and datasets.

This publication is tailored for research professionals who useeconometrics and similar statistical methods in their work. Withits emphasis on practical problem solving and extensive use ofexamples and exercises, this is also an excellent textbook forgraduate-level students in a broad range of fields, includingeconomics, statistics, the social sciences, business, and publicpolicy.

What people are saying - Write a review

We haven't found any reviews in the usual places.


1 Introduction
2 Elements of Bayesian Inference
3 Topics in Bayesian Inference
4 Posterior Simulation
5 Linear Models
6 Modeling with Latent Variables
7 Modeling for Time Series
8 Bayesian Investigation
Author Index
Subject Index

Other editions - View all

Common terms and phrases

Popular passages

Page 300 - Reflecting the wide range of current research in statistics, the series encompasses applied, methodological and theoretical statistics, ranging from applications and new techniques made possible by advances in computerized practice to rigorous treatment of theoretical approaches. This series provides essential and invaluable reading for all statisticians, whether in academia, industry, government, or research. ABRAHAM and LEDOLTER . Statistical Methods for Forecasting AGRESTI . Analysis of Ordinal...
Page 300 - Edition * ANDERSON • The Statistical Analysis of Time Series ANDERSON, AUQUIER, HAUCK, OAKES, VANDAELE, and WEISBERG • Statistical Methods for Comparative Studies ANDERSON and LOYNES • The Teaching of Practical Statistics ARMITAGE and DAVID (editors) • Advances in Biometry ARNOLD, BALAKRISHNAN, and NAGARAJA • Records * ARTHANARI and DODGE • Mathematical Programming in Statistics * BAILEY • The Elements of Stochastic Processes with Applications to the Natural Sciences BALAKRISHNAN and...
Page 300 - The Wiley Series in Probability and Statistics is well established and authoritative. It covers many topics of current research interest in both pure and applied statistics and probability theory. Written by leading statisticians and institutions, the titles span both state-of-the-art developments in the field and classical methods. Reflecting the wide range of current research in statistics, the series encompasses applied, methodological and theoretical statistics, ranging from applications and...

References to this book

All Book Search results »

About the author (2005)

JOHN GEWEKE, PHD, is Harlan McGregor Chair in Economic Theory and Professor of Economics and Statistics at the University of Iowa. He is an elected Fellow of the Econometric Society and the American Statistical Association, former President of the International Society for Bayesian Analysis, and coeditor of the Journal of Econometrics.

Bibliographic information