Finite Mixture and Markov Switching Models

Released on by Sylvia Frühwirth-Schnatter
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  • Finite Mixture and Markov Switching Models Book Detail

  • Author : Sylvia Frühwirth-Schnatter
  • Release Date : 2006-11-24
  • Publisher : Springer Science & Business Media
  • Genre : Mathematics
  • Pages : 506
  • ISBN 13 : 0387357688
  • File Size : 93,93 MB
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Finite Mixture and Markov Switching Models by Sylvia Frühwirth-Schnatter PDF Summary

Book Description: The past decade has seen powerful new computational tools for modeling which combine a Bayesian approach with recent Monte simulation techniques based on Markov chains. This book is the first to offer a systematic presentation of the Bayesian perspective of finite mixture modelling. The book is designed to show finite mixture and Markov switching models are formulated, what structures they imply on the data, their potential uses, and how they are estimated. Presenting its concepts informally without sacrificing mathematical correctness, it will serve a wide readership including statisticians as well as biologists, economists, engineers, financial and market researchers.

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