The Framework of Contemporary Bayesian Econometrics Analysis and Its Outlook
Xia Yu-hua · Cai-mao yanjiu · 2007
Along with the development of Bayesian theory and the advancement of computer simulation, Bayesian econometrics develops rapidly.This paper compares the classical and Bayesian school of thought, and briefly reviews Bayesian econometrics develpoment courses. In the end, it analyzes its framework from eight aspects and its outlook.