Bayesian predictive analysis of the linear regression model with an edgeworth series prior distribution |
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| Authors: | Anoop Chaturvedi Hikaru Hasegawa Sheel Asthana |
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| Institution: | 1. Department of Mathematics &2. Statistics , University of Allahabad , Allahabad, India;3. Faculty of Economics &4. Business Administration , Hokkaido University , Sapporo, Japan |
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| Abstract: | In this paper we obtain the Bayes forecasts for the future observations on the dependent variable in the linear regression model when the regression coefficients have an Edgeworth series prior distribution. Furthermore, we consider the effect of departure from normality of the prior distribution of regression coefficients on the Bayes forecasts. |
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| Keywords: | Bayesian prediction Bayes forecasts Linear Regression Model Edgeworth series distribution |
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