Bayesian estimation and maximum likelihood methods represent two central paradigms in modern statistical inference. Bayesian estimation incorporates prior beliefs through Bayes’ theorem, updating ...

In the process of loan pricing, stress testing, capital allocation, modeling of probability of default (PD) term structure and International Financial Reporting Standard 9 expected credit loss ...

Interval-censored multivariate failure time data arise when there are multiple types of failure or there is clustering of study subjects and each failure time is known only to lie in a certain ...

Econometric Theory, Vol. 28, No. 2 (April 2012), pp. 457-470 (14 pages) Consistency, asymptotic normality, and efficiency of the maximum likelihood estimator for stationary Gaussian time series were ...