Question: Suppose X 1 , , X n are the indicators of n Bernoulli trials with success probability . And suppose l ( , a )
Suppose X1,,Xn are the indicators of n Bernoulli trials with success probability . And suppose l(,a) is the quadratic loss (a)2 and the prior () is the beta, (r,s), density.
- Find the Bayes estimate ^B of and write it as a weighted average w0+(1w)X of the mean 0 of the prior and the sample mean X=S/n.
- Show that ^B=(S+1)/(n+2) for the uniform prior.
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
