Markov Chain Monte Carlo Analysis
In the following I will give a very brief overview on the background of Markov chain Monte Carlo methodology to the extent, necessary to understand the idea behind the mechanics of the present application. The interested reader will find many textbooks covering the theory in detail, for example Gilks et al., 1996b or Gamerman, 1997. Note also that the present application is formulated in a Bayesian framework, while Markov chain Monte Carlo applications are not restricted at all to Bayesian type of analysis.
KeywordsMarkov Chain Prior Distribution Direct Sampling Proposal Distribution Acceptance Probability
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