Sample size: (pi) has prior hyperparameters (a_{0}=12) and (b_{0}=31). How many new observations do you need to
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Sample size: \(\pi\) has prior hyperparameters \(a_{0}=12\) and \(b_{0}=31\). How many new observations do you need to make to ensure that \(I_{0.2}^{\pi}\) is narrower than 0.05 ?
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The Bayesian Way Introductory Statistics For Economists And Engineers
ISBN: 9781119246879
1st Edition
Authors: Svein Olav Nyberg
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