Question: Simple Metropolis: Normal Precision - Gamma . Suppose X=2 was observed from the population distributed as N(0,1/)and one wishes to estimate the parameter . (Here

Simple Metropolis: Normal Precision - Gamma . Suppose X=2 was observed from the population distributed as N(0,1/)and one wishes to estimate the parameter . (Here is the reciprocal of the variance 2 and is called the precision parameter). Suppose the analyst believes that the prior on is Ga(1/2, 1). Using Metropolis algorithm, approximate the posterior distribution and the Bayes' estimator of . As the proposal distribution, use gamma Ga(,) with parameters , selected to ensure efficacy of the sampling. Please provide step by step explanation.

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Mathematics Questions!