Contemporary Bayesian Econometrics and Statistics

Written for research professionals who use econometrics and similar statistical methods in their work, this book provides readers with a thorough understanding of Bayesian analysis that is grounded in the theory of inference and optimal decision making. The book begins by examining the theoretical and mathematical foundations of Bayesian statistics to help readers understand how and why it is used in problem solving. Later chapters describe how modern simulation methods make Bayesian approaches practical using widely available mathematical applications software.

A supplemental set of MATLAB M-files is available for download.