Oluwaseun O. Odeyemi

Sensitivity of the Posterior Mean on the Prior Assumptions: An Application of the Ellipsoid Bound Theorem

Olawale B. Akanbi, Olusanya E. Olubusoye & Oluwaseun O. Odeyemi · Journal of Scientific Research and Reports · 2020

This study examines the sensitivity of the posterior mean to change in the prior assumptions. Three plausible choices of prior which include informative, relative-non informative and non-informative priors are considered. The paper considers information level for a prior to cause...