Bayesian statistics in contemporary data science signify a paradigm revolution in probabilistic argumentation that provides ...

Decision trees are a major tool in corporate finance. Discover how binomial trees play an integral role in the pricing of interest rates.

The paper critiques traditional shock decomposition methods in DSGE models, proposing a refined approach that isolates ...

We propose a framework for making Bayesian parametric models robust to local misspecification. Suppose in a baseline parametric model, a parameter of interest has an interpretation in an encompassing ...

America’s GDP is forecasted to fall 2.8% in Q1, according to the Atlanta Federal Bank’s GDPNow model — potentially leading to a “Trumpcession.” ...

The method combines machine learning techniques, statistical physics and Bayesian statistics to efficiently balance the complexity of the model and its accuracy. "We have developed a very powerful ...