5.27* In assessing a multivariate prior distribution by assessing a p-dimensional vector from N subjects and merging
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5.27* In assessing a multivariate prior distribution by assessing a p-dimensional vector from N subjects and merging them by density estimation, we used a kernel, K(0), which we took to be normal. Suppose instead that we choose K(8) to be multivariate Student 7, so that K() {n+60) 0.5(n+p) for some suitable n. How would this change be likely to affect the usefulness of the fitted density of opinions? (Hint: see literature on density estimation, such as Taipia and Thompson, 1982.)
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Subjective And Objective Bayesian Statistics
ISBN: 9780471348436
2nd Edition
Authors: S. James Press
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