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The nonparametric Bayesian inference approach to using the finite mixture distributions for modelling data suspected of the containing distinct groups of observations; this approach does not need the number of mixture components to be known in before. The basic idea is that the Dirichlet procedure induces a prior distribution over the partitions of the data which can then be combined with the prior distribution over parameters and chance. The distribution over partitions can be generated incrementally using Chinese restaurant procedure.
Confidence profile method : A Bayesian approach to meta-analysis in which the information in each piece of the evidence is captured in the likelihood function which is then used al
Catastrophe theory : A theory of how little is the continuous changes in the independent variables which can have unexpected, discontinuous effects on the dependent variables. Exam
Johnson''s Job Sequencing for n jobs and 2 machines
Bayesian network : It is essentially an expert system in which the uncertainty is dealt with using the conditional probabilities and Bayes' Theorem. Formally such type of network c
Hi , Im currently taking the course Financial Econometrics of Master of Finance at RMIT. I find it really difficult to understand the course''s material and now im having the majo
how does it work exactly
Classification matrix: A term many times used in discriminant analysis for the matrix summarizing the results and outputs obtained from the derived classi?cation rule, and obtaine
Multicentre study : The clinical trial conducted simultaneously in the number of participating hospitals, with all centres following an agreed-upon study of the protocol and with
replacement problem
The method of displaying the geographical variability of the disease on maps using different colors, shading, etc. The logic is not new, but the arrival of computers and computer g
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