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Bayesian Estimation of DSGE…

Bayes' Rule with Python: A Tutorial Introduction to Bayesian Analysis

Author Stone, James V.
Publisher Sebtel Press
Category Bayesian statistical decision theory
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Book Details
PublisherSebtel Press
ISBN / ASIN0993367933
ISBN-139780993367939
AvailabilityIn Stock.
Sales Rank1,357,132
MarketplaceUnited States 🇺🇸

Description

Discovered by an 18th century mathematician and preacher, Bayes' rule is a cornerstone of modern probability theory. In this richly illustrated book, a range of accessible examples is used to show how Bayes' rule is actually a natural consequence of common sense reasoning. Bayes' rule is then derived using intuitive graphical representations of probability, and Bayesian analysis is applied to parameter estimation. The tutorial style of writing, combined with a comprehensive glossary, makes this an ideal primer for novices who wish to become familiar with the basic principles of Bayesian analysis. Note that this book includes Python (3.0) code snippets, which reproduce key numerical results and diagrams.
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