Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
1150548 | Journal of Statistical Planning and Inference | 2008 | 16 Pages |
Abstract
We address the problem of determining whether the cost of a proposed Bayesian analysis is likely to be justified by the potential benefit. A method is described for identifying the likely order of magnitude benefits from the analysis, and this approach is applied to an example concerning trading on the sugar market.
Related Topics
Physical Sciences and Engineering
Mathematics
Applied Mathematics
Authors
Michael Goldstein, Allan Seheult,