which allows for skewness in the form of contraction/dilation along a subset of the prinicpal axis. The paper derives some … properties for this distribution, including its moment generating function, multivariate skewness and kurtosis. Maximum … likelihood estimation is discussed and a complete Bayesian analysis of the multivariate split normal distribution is developed. …

variables that account for skewness and heavy tails are identically and independently distributed. The second model, ODLV …

We ask whether Bayesian estimation creates a potential estimation bias as compared with standard estimation techniques … based on the data, such as maximum likelihood or indirect estimation. We investigate this with a Monte Carlo experiment in … alternative. The Bayesian estimation of macro models may thus give very misleading results by placing too much weight on prior …

which allows for skewness in the form of contraction/dilation along a subset of the prinicpal axis. The paper derives some … properties for this distribution, including its moment generating function, multivariate skewness and kurtosis. Maximum … likelihood estimation is discussed and a complete Bayesian analysis of the multivariate split normal distribution is developed. …

provided between frequentist and Bayesian estimation. No significant difference is found between the qualities of the forecasts …