Trabajos de Estadistica Y de Investigacion Operativa

, Volume 31, Issue 1, pp 143–166

Likelihood and the Bayes procedure

  • Hirotugu Akaike
Likelihood, Sufficiency and Ancillarity Invited Papers

Summary

In this paper the likelihood function is considered to be the primary source of the objectivity of a Bayesian method. The necessity of using the expected behavior of the likelihood function for the choice of the prior distribution is emphasized. Numerical examples, including seasonal adjustment of time series, are given to illustrate the practical utility of the common-sense approach to Bayesian statistics proposed in this paper.

Keywords

Likelihood Bayes procedure Aic Seasonal adjustment 

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Copyright information

© Springer 1980

Authors and Affiliations

  • Hirotugu Akaike
    • 1
  1. 1.The Institute of Statistical MathematicsTokyo

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