Bayesian econometrics
id:
bayesian-econometrics-191-8161778
title:
Bayesian econometrics
text:
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. T
brand slug:
wiki
category slug:
encyclopedia
description:
Branch of econometrics
original url:
https://en.wikipedia.org/wiki/Bayesian_econometrics
date created:
date modified:
2024-01-26T17:53:13Z
main entity:
{"identifier":"Q4874466","url":"https://www.wikidata.org/entity/Q4874466"}
image:
fields total:
13
integrity:
14