Suppose that X1, . . . , Xn form a random sample from a distribution for which
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Suppose also that the value of the parameter θ is unknown (θ > 0), and the prior distribution of θ is the gamma distribution with parameters α and β (α > 0 and β > 0). Determine the mean and the variance of the posterior distribution of θ.
DistributionThe word "distribution" has several meanings in the financial world, most of them pertaining to the payment of assets from a fund, account, or individual security to an investor or beneficiary. Retirement account distributions are among the most...
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Probability And Statistics
ISBN: 9780321500465
4th Edition
Authors: Morris H. DeGroot, Mark J. Schervish
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