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Frequent problems in applied research that prevent the application of the classical Poisson log-linear model for analyzing count data include overdispersion, an excess of zeros compared to the Poisson distribution, correlated responses, as well as complex predictor structures comprising...
Persistent link: https://www.econbiz.de/10009748670
There has been a call for caution when using the conventional method for Bayesian inference in setidentified structural vector autoregressions on the grounds that the uniform prior over the set of orthogonal matrices could be nonuniform for individual impulse responses or other quantity of...
Persistent link: https://www.econbiz.de/10014368558
In this paper, a new member of the Poisson family of distributions called the Poison-Exponential-Gamma (PEG) distribution for modeling count data is proposed by compounding the Poisson with Exponential-Gamma distributions. The first four moments about the origin and mean of the new PEG...
Persistent link: https://www.econbiz.de/10013312858
This paper proposes enhanced studies on a model consisting of a finite mixture framework of generalized linear models (GLMs) with gamma-distributed responses estimated using the Bayesian approach coupled with the Markov Chain Monte Carlo (MCMC) method. The log-link function, which relates the...
Persistent link: https://www.econbiz.de/10013533212
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In this paper we consider regression models for count data allowing for overdispersion in a Bayesian framework. We account for unobserved heterogeneity in the data in two ways. On the one hand, we consider more flexible models than a common Poisson model allowing for overdispersion in different...
Persistent link: https://www.econbiz.de/10003310097
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In this paper we consider regression models for count data allowing for overdispersion in a Bayesian framework. Besides the inclusion of covariates, spatial effects are incorporated and modelled using a proper Gaussian conditional autoregressive prior based on Pettitt et al. (2002). Apart from...
Persistent link: https://www.econbiz.de/10002753399
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