Take the exponential density f (x j ) 1 exp x for 0 (a) Find the conjugate prior () (b) Find the posterior ( j X) given a random sample (c) Find the posterior meanb Bayes ...

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Take the exponential density f (x j ) 1 exp x for

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Take the exponential density f (x j ¸) Æ 1

¸ exp

¡x

for ¸ È 0.

(a) Find the conjugate prior ¼(¸).

(b) Find the posterior ¼(¸ j X) given a random sample.

(c) Find the posterior meanb¸

Bayes.

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Probability And Statistics For Economists

ISBN: 9780691235943

1st Edition

Authors: Bruce Hansen

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Question Posted: Sep 23, 2024 07:01 AM

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Take the exponential density f (x j ) 1 exp x for

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Probability And Statistics For Economists

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