Mathematics
8 years ago

New Bayesian method revolutionizes testing for gamma mean populations!

Journal of the Korean Data and Information Science Society
Bayesian Model Selection in the Gamma Populations
Sang-Gil Kang, Doo-Young Kang

Paper Summary

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The article discusses a method for comparing two groups with different gamma distributions. By using a Bayesian model selection approach, the researchers found a way to determine which group has a higher mean without needing personal opinions. They calculated Bayes factors and probabilities to help make this decision. The study included simulations and real data to support their findings.