Business data frequently arise in the form of concurrent time series. We present a general framework for simultaneous modeling and fitting of such series using the class of Box-Jenkins models. This framework is an exchangeable hierarchical Bayesian model incorporating dependence among the series. Ou
Bayesian accelerated failure time analysis with application to veterinary epidemiology
β Scribed by Edward J. Bedrick; Ronald Christensen; Wesley O. Johnson
- Publisher
- John Wiley and Sons
- Year
- 2000
- Tongue
- English
- Weight
- 158 KB
- Volume
- 19
- Category
- Article
- ISSN
- 0277-6715
No coin nor oath required. For personal study only.
β¦ Synopsis
Standard methods for analysing survival data with covariates rely on asymptotic inferences. Bayesian methods can be performed using simple computations and are applicable for any sample size. We propose a practical method for making prior speciΓΏcations and discuss a complete Bayesian analysis for parametric accelerated failure time regression models. We emphasize inferences for the survival curve rather than regression coecients. A key feature of the Bayesian framework is that model comparisons for various choices of baseline distribution are easily handled by the calculation of Bayes factors. Such comparisons between non-nested models are di cult in the frequentist setting. We illustrate diagnostic tools and examine the sensitivity of the Bayesian methods.
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