Computing some bayes estimates for the mean of a normal distribution |
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Authors: | Glen Meeden James E Gentle |
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Institution: | 1. Department of Statistics , Iowa State University , Ames, IA, 50011;2. IMSL , 2500 City West Blvd, Houston, TX, 77042-3020 |
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Abstract: | For sampling from a normal population with unknown mean, two families of prior densities for the mean are discussed. The corresponding posterior densities are found. A data analyst may choose a prior from these families to represent prior beliefs and then compute the corresponding Bayes estimator, using the techniques discussed. |
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Keywords: | Bayesian inference normal distribution conjugate prior mixtures |
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