Course Details
Country:
Netherlands
Institution:
Free University of Amsterdam
Course Title:
Bayesian Econometrics for Business and Economics
Course Number:
E_MFAE_BEBE
Course Description:
This course will cover Bayesian statistics where the topics include the prior and posterior density, Bayesian hypothesis testing, Bayesian prediction, and Bayesian Model Averaging for forecast combination. Several models will be considered, including the Bernoulli/binomial distribution, the Poisson distribution and the normal distribution. Obviously, attention will be paid to the Bayesian analysis of linear regression models. Also simple time series models will be considered. An important part of the course is the treatment of simulation-based methods such as Markov chain Monte Carlo (Gibbs sampling, data augmentation, Metropolis-Hastings method) and Importance Sampling, that are often needed to compute Bayesian estimates and predictions and to perform Bayesian tests.
Language:
English
Approved Equivalent:
Pending For Approval
Attachment Files:
Studyguide (4)_8.pdf
