The Bayesian Way: Introductory Statistics for Economists and Engineers Contributor(s): Nyberg, Svein Olav (Author) |
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ISBN: 1119246873 ISBN-13: 9781119246879 Publisher: Wiley OUR PRICE: $113.00 Product Type: Hardcover - Other Formats Published: August 2018 |
Additional Information |
BISAC Categories: - Mathematics | Probability & Statistics - Bayesian Analysis |
Dewey: 519.542 |
LCCN: 2017060721 |
Physical Information: 1.3" H x 6.2" W x 9.1" (2.11 lbs) 512 pages |
Descriptions, Reviews, Etc. |
Publisher Description: A comprehensive resource that offers an introduction to statistics with a Bayesian angle, for students of professional disciplines like engineering and economics The Bayesian Way offers a basic introduction to statistics that emphasizes the Bayesian approach and is designed for use by those studying professional disciplines like engineering and economics. In addition to the Bayesian approach, the author includes the most common techniques of the frequentist approach. Throughout the text, the author covers statistics from a basic to a professional working level along with a practical understanding of the matter at hand. Filled with helpful illustrations, this comprehensive text explores a wide range of topics, starting with descriptive statistics, set theory, and combinatorics. The text then goes on to review fundamental probability theory and Bayes' theorem. The first part ends in an exposition of stochastic variables, exploring discrete, continuous and mixed probability distributions. In the second part, the book looks at statistical inference. Primarily Bayesian, but with the main frequentist techniques included, it covers conjugate priors through the powerful yet simple method of hyperparameters. It then goes on to topics in hypothesis testing (including utility functions), point and interval estimates (including frequentist confidence intervals), and linear regression. This book:
Written for undergraduate and graduate students of subjects where Bayesian statistics are applied, including engineering, economics, and related fields, The Bayesian Way: With Applications in Engineering and Economics offers a clear understanding of Bayesian statistics that have real-world applications. |