Hierarchical Bayes
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Hierarchical Bayes
Bayesian hierarchical modelling is a statistical model written in multiple levels (hierarchical form) that estimates the parametric model, parameters of the Posterior probability, posterior distribution using the Bayesian inference, Bayesian method.Allenby, Rossi, McCulloch (January 2005)"Hierarchical Bayes Model: A Practitioner’s Guide"Journal of Bayesian Applications in Marketing
pp. 1–4. Retrieved 26 April 2014, p. 3 The sub-models combine to form the hierarchical model, and Bayes' theorem is used to integrate them with the observed data and account for all the uncertainty that is present. The result of this integration is the posterior distribution, also known as the updated probability estimate, as additional evidence on the prior distribution is acquired. Frequentist st ...
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Statistical Model
A statistical model is a mathematical model that embodies a set of statistical assumptions concerning the generation of Sample (statistics), sample data (and similar data from a larger Statistical population, population). A statistical model represents, often in considerably idealized form, the data-generating process. A statistical model is usually specified as a mathematical relationship between one or more random variables and other non-random variables. As such, a statistical model is "a formal representation of a theory" (Herman J. Adèr, Herman Adèr quoting Kenneth A. Bollen, Kenneth Bollen). All Statistical hypothesis testing, statistical hypothesis tests and all Estimator, statistical estimators are derived via statistical models. More generally, statistical models are part of the foundation of statistical inference. Introduction Informally, a statistical model can be thought of as a statistical assumption (or set of statistical assumptions) with a certain property: that ...
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