Abstract
By means of a very simple example, this note illustrates the appeal of using Bayesian rather than classical methods to producen inference on hidden states in models of Markovian regime switching.
Gaertner, Dennis (2007). Why Bayes Rules: A Note on Bayesian vs. Classical Inference in Regime Switching Models. Working paper series / Socioeconomic Institute No. 719, University of Zurich.
Abstract
By means of a very simple example, this note illustrates the appeal of using Bayesian rather than classical methods to producen inference on hidden states in models of Markovian regime switching.
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| Item Type: | Working Paper |
|---|---|
| Communities & Collections: | 03 Faculty of Economics > Department of Economics
Working Paper Series > Socioeconomic Institute (former) |
| Dewey Decimal Classification: | 330 Economics |
| JEL Classification: | C11, C22 |
| Language: | English |
| Date: | December 2007 |
| Deposited On: | 29 Nov 2011 22:47 |
| Last Modified: | 27 Nov 2020 07:15 |
| Series Name: | Working paper series / Socioeconomic Institute |
| OA Status: | Green |
| Official URL: | http://www.econ.uzh.ch/wp.html |
Gaertner, Dennis