Do Prior Type and Sample Size have Effect on Mixtures of Normal? The Monte Carlo evidence

Autor: Owonipa R. Oluremi, Ojo O. Oluwadare, Enesi O. Lateifat
Rok vydání: 2021
Předmět:
Zdroj: Asian Journal of Probability and Statistics. :60-71
ISSN: 2582-0230
DOI: 10.9734/ajpas/2020/v10i430255
Popis: Overtime finite mixtures of Normal in regression have gained popularity and also shown to be useful in modelling heterogeneous data. This study examines the effects of prior and sample size in regression mixtures of Normal models with Bayesian approach. Monte Carlo experiment was carried out on the Normal mixtures model in order to examine the strength of priors and also to know the suitable sample size to produce stable results. Results obtained from the experiment indicate that an informative prior gives a reliable estimate than non-informative prior while large sample sizes maybe needed to obtain stable results.
Databáze: OpenAIRE