Advanced Statistical Models and Macroeconomic Analysis (Paperback)

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.

General

Imprint:	Createspace Independent Publishing Platform
Country of origin:	United States
Release date:	August 2013
First published:	August 2013
Authors:	Issam Aw Mohamed
Dimensions:	229 x 152 x 8mm (L x W x T)
Format:	Paperback - Trade
Pages:	150
ISBN-13:	978-1-4921-7925-2
Categories:	Books > Business & Economics > Economics > Econometrics > Economic statistics Promotions
LSN:	1-4921-7925-6
Barcode:	9781492179252

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