Machine Learning Econometrics: Bayesian Algorithms and Methods

Bayesian inference in economics is primarily perceived as a methodology for cases where the data are short, that is, not informative enough in order to be able to obtain reliable econometric estimates of quantities of interest. In these cases, prior beliefs, such as the experience of the decision-ma...

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Bibliographic details
Main Author: Davide Pettenuzzo
Dimitris Korobilis
Format: Reference
Language: English
Place of publication: Oxford University Press
published in: Oxford Research Encyclopedia of Economics and Finance
ISBN: 019062597X
Online Access: available in Bonn?
Database: Database information not found
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