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| | Bayes, Buhlmann and Beyond |
 | | It is worth noting that if the prior distribution is completely inconsistent with the data, the Bayesian approach will give worse results than the more standard frequentist approach, using, for example, maximum likelihood estimation (MLE) to estimate parameters, and modeling the uncertainty using the asymptotic properties of the maximum likelihood estimate. |
 | | For complex, multivariate parameter problems, we almost certainly will not be able to determine the joint posterior distribution analytically, but MCMC offers a method for generating a sample from the joint posterior distribution, with very few restrictions on the complexity of the problem. |
 | | We are not constrained to use only a few tractable variable/parameter distribution combinations, as in traditional Bayesian statistics, nor are we constrained to use simple linear estimators, as with the credibility approach. |
| www.fenews.com /fen45/topics_act_analysis/topics-in-act-analysis.htm (1745 words) |
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