Likelihood and the Bayes procedure

Autores: Hirotugu Akaike
Localización: Trabajos de estadística e investigación operativa, ISSN 0041-0241, Vol. 31, Nº. 1, 1980, págs. 143-166
Idioma: inglés
DOI: 10.1007/bf02888350
Títulos paralelos:
- Probabilidad y el procedimiento de Bayes
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Resumen
- In this paper the likelihood function is considered to be the primary source of the objectivity of a Bayesian method. The necessity of using the expected behaviour of the likelihood function for the choice of the prior distribution is emphasized. Numerical examples, including seasonal adjustment of time series, are given to illustrate the practical utility of the common-sense approach to Bayesian statistics proposed in this paper