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Bayesian Models and Macroeconomic Analysis


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  • Product Description

The current essay 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 frequency 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.

Product Specifications
SKU :COC85793
AuthorIssam A.W. Mohamed
Number of Pages156
Publishing Year2013-09-04T00:00:00.000
Edition1 st
Book TypePolitical science & theory
Country of ManufactureIndia
Product BrandLAP LAMBERT Academic Publishing
Product Packaging InfoBox
In The Box1 Piece
Product First Available On ClickOnCare.com2015-10-08 00:00:00
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