A multivariate Bayesian model using Gibbs sampler with real data application
Muntaha K. Abbas, Ghadeer Jasim Mohammed Mahdi, Hayder Abdul Hussein Mseer · AIP conference proceedings · 2024
In many scientific fields, Bayesian models are commonly used in recent research.This research presents a new Bayesian model for estimating parameters and forecasting using the Gibbs sampler algorithm.Posterior distributions are generated using the inverse gamma distribution and the multivariate normal distribution as prior distributions.The new method was used to investigate and summaries Bayesian statistics' posterior distribution.The theory and derivation of the posterior distribution are explained in detail in this paper.The proposed approach is applied to three simulation datasets of 100, 300, and 500 sample sizes.Also, the procedure was extended to the real dataset called the rock intensity dataset.The actual dataset is collected from the UCI Machine Learning Repository.The findings were discussed and summarized at the end.All calculations for this research have been done using R software (version 4.2.2).