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2
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0answers
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Posterior derivation with prior as Normal-Gamma distribution
I am studying Gary Koop's Bayesian Econometrics , it is bit confusing in the beginning. I will reproduce some results from the textbook here in order to smoothly move to my question.
For a simple ...
4
votes
2answers
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A question about parameters of Gamma distribution in Bayesian econometrics
The Wikipedia article on the Gamma distribution,
lists two different parameterisation methods, one of them frequently used in Bayesian econometrics with $\alpha>0$ and $\beta>0$, $\alpha$ is ...
