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Advanced Statistical Models And Macroeconomic Analysis.pdf

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Read online or download a free book: Advanced Statistical Models And Macroeconomic Analysis

Pages: 150

Language: English

Publisher: CreateSpace Independent Publishing Platform: 2 edition (15 Aug. 2013)

By: Prof Issam AW Mohamed (Author)

Book format: pdf doc docx mobi djvu epub ibooks (*An electronic version of a printed book that can be read on a computer or handheld device designed specifically for this purpose.)

The document focuses on the importance of studying Bayesian approach so as to analyze the impact of foreign direct investment on macroeconomics of the Yemen Republic. In probability theory and statistics, Bayes' theorem (alternatively Bayes' law) is a theorem with two distinct interpretations. In the Bayesian interpretation, it expresses how a subjective degree of belief should rationally change to account for evidence. In the frequentist interpretation, it relates inverse representations of the probabilities concerning two events. In the Bayesian interpretation, Bayes' theorem is fundamental to Bayesian statistics, and has applications in fields including science, engineering, economics (particularly microeconomics), game theory, medicine and law. The application of Bayes' theorem to update beliefs is called Bayesian inference.


Read online or download a free book: Advanced Statistical Models And Macroeconomic Analysis.pdf

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