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Author Question: The result of the estimation process through rigorous guessing procedures is a. the best beta value ... (Read 41 times)

karen

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on: Jun 29, 2018
The result of the estimation process through rigorous guessing procedures is
 a. the best beta value for each parameter
  b. the best guess value for each parameter
  c. a distribution of the various values of each parameter
  d. an estimation of the distance between each data point and the normalized centroid

Question 2

If a bank wants to differentiate between successful and unsuccessful credit risks for home mortgage loans, it should use _____.
 a. factor analysis
  b. multidimensional scaling
  c. MANOVA
  d. discriminant analysis


Bsand8

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Reply #1 on: Jun 29, 2018
Answer to Question 1

C
The Markov chain Monte Carlo process produces a posterior distribution of the values for each parameter.

Answer to Question 2

D


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