Introduction to Bayesian Econometrics A GUIded Toolkit using R | Statistics

Product Description

Introduction to Bayesian Econometrics: A GUIded Toolkit Using R offers a practical conceptually clear and computationally accessible pathway into Bayesian data analysis. Designed for readers who wish to apply Bayesian methods without necessarily investing years in programming the book combines rigorous treatment of foundational ideas with a graphical user interface (GUI) that allows users to run Bayesian regression models in a user-friendly environment. The first part develops the mathematical foundations of Bayesian inference by presenting all derivations step-by-step. This transparent treatment of conjugate models including posterior analysis marginal likelihoods and posterior predictive …