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Bayesian Analysis of Simple Linear Econometric Model on the Restricted Domain of Investment Multiplier
by
Ram Lal
Head & Professor, Department of Mathematics & Statistics, Allahabad Agricultural Insitute-Deemed University, Allahabad
In this paper the Bayesian Analysis of simple Linear Econometric Model y=xb+u ;where y is a point in n dimensional Euclidean space and represents observations on an endogenous variable,b is an unknown slope known a priori to be positive, u is a vector of I I D N (o,sigma) and x is a vector of observations on an exogenous variable;
have been carried out by assuming suitable prior density on the parameter space of (b, sigma) taking care of restriction that b is positive and assuming squared error loss function.
Date received: February 8, 2007
Copyright © 2007 by the author(s). The author(s) of this document and the organizers of the conference have granted their consent to include this abstract in Atlas Conferences Inc. Document # cata-64.