Extended Natural Conjugate Distributions for the Multinormal Process (Classic Reprint) - Brossura

Ando, Albert

 
9781332975327: Extended Natural Conjugate Distributions for the Multinormal Process (Classic Reprint)

Sinossi

This book provides statisticians, researchers, and economists with a comprehensive guide to Bayesian probability, an analytic approach used to understand natural and social phenomena. Emerging from the author's seminal studies in the field, the book presents the ideas and principles underlying Bayesian theories, with a focus on their applications in multivariate problems where neither means nor uncertainties are known with certainty. The author highlights the advantages of Bayesian analysis over conventional frequency theory and explores the field's historical evolution, current development, and future prospects. This book is a valuable resource for practitioners seeking advanced statistical techniques to address complex problems in diverse fields, from econometrics to operations research and social science.

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