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A simple example is presented which shows that interpreting likelihood ratios as relative degrees of support can be very misleading. It also demonstrates that the maximum likelihood estimator can be an exceedingly poor estimator.
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The need for scale conversion may arise whenever an attitude of individuals is measured by independent entrepreneurs each using an ordinal scale of its own with possibly different numbers of (arbitrary) ordinal categories. Such situations are quite common in the marketing realm. The conversion...
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This book is designed to introduce graduate students and researchers to the primary methods useful for approximating integrals. The emphasis is on those methods that have been found to be of practical use, and although the focus is on approximating higher- dimensional integrals the...
Persistent link: https://www.econbiz.de/10008924388
We consider checking for prior-data conflict in a Bayesian analysis via a tail probability based on the prior predictive distribution. We establish the appropriateness of this measure in the sense that the limiting value of the tail probability measures the extent to which the true value of the...
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