Use the data in Table 11 19 on page 762 This time fit the model developed in Example 12 5 6 Use the prior hyper parameters 0 0 1, 0 0 1, u0 0 001, and 0 800 Obtain a sample of 10,000 from the posterior joint distribution of the parameters Estimate the posterior means of the three parameters 1, 2, a...

There are n i 6 observations in each of p 3 groups The samp ...

Use the data in Table 11.19 on page 762.This time fit the model developed in Example 12.5.6.

Question:

Use the data in Table 11.19 on page 762.This time fit the model developed in Example 12.5.6. Use the prior hyper parameters λ0 = α0 = 1, β0 = 0.1, u0 = 0.001, and ψ0 = 800. Obtain a sample of 10,000 from the posterior joint of the parameters. Estimate the posterior means of the three parameters μ1, μ2, and μ3.
Distribution
The 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...