Hautsch, Nikolaus (contributor); Ou, Yangguoyi (contributor) - 2008
and prediction of time-
varying volatility on financial markets and are essential tools in risk management, asset
pricing … (71) which is proven by Besag (1974). The intuition behind this theorem is that
the knowledge of the complete set of … proportionality, is equivalent to the knowledge of the posterior distri-
bution p(θ1,...,θk|y). This allows applying the M-H algorithm …