Question: What is the difference between the Full Bayesian Approach and Empirical Bayes? Select the most correct option from the below choices: Question 1 Answer a
What is the difference between the Full Bayesian Approach and Empirical Bayes?
Select the most correct option from the below choices:
Question Answer
a
There is no difference
b
In the Full Bayesian Approach we apply Methods of Moments, whereas in Empirical Bayes we estimate our hyperparameters via maximum likelihood estimation.
c
In the Full Bayesian Approach we estimate the hyperparameters using our full data set, whereas we prespecify the hyperparameters in Empirical Bayes.
d
In Empirical Bayes we do not use hyperparameters, whereas in the Full Bayesian Approach we do
e
In Empirical Bayes we estimate the hyperparameters based on our data, whereas in the Full Bayesian Approach these hyperparameters are prespecified.
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