We consider the general linear model Y = Aβ + ε in the Bayesian framework and examine the implications of the statement that the posterior expectation of β, given Y, is a linear function of Y. Under ...

Kristina Zucchi is an investment analyst and financial writer with 15+ years of experience managing portfolios and conducting equity research. Gordon Scott has been an active investor and technical ...

Will Kenton is an expert on the economy and investing laws and regulations. He previously held senior editorial roles at Investopedia and Kapitall Wire and holds a MA in Economics from The New School ...

Articulate the primary interpretations of probability theory and the role these interpretations play in Bayesian inference Use Bayesian inference to solve real-world statistics and data science ...

The result "average posterior precision equals or exceeds prior precision plus average observation precision" is proved for any distributions of a single variable. The "average" used is in effect a ...