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Bayesian Analysis of Demand Under Block Rate PricingMultivariate Normal Simulators

Bayesian Analysis of Demand Under Block Rate Pricing: Multivariate Normal Simulators [Various random number generators are proposed to obtain random variates following the univariate normal distribution. Box and Muller (1958) is a pioneering work on such a random number generator; see, e.g., Devroye (1986) for others. However, in many Bayesian analyses, multivariate normal random variates subject to linear constraints are often needed to conduct statistical inference. The discrete/continuous choice models under increasing block rate pricing in previous chapters are an example because their sampling algorithms include a step to draw such random variates (a step for elasticity parameters). In this chapter, we focus on simulators for multivariate normal variates subject to linear constraints.] http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png

Bayesian Analysis of Demand Under Block Rate PricingMultivariate Normal Simulators

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Publisher
Springer Singapore
Copyright
© The Author(s), under exclusive license to Springer Nature Singapore Pte Ltd. 2019
ISBN
978-981-15-1856-0
Pages
103 –112
DOI
10.1007/978-981-15-1857-7_6
Publisher site
See Chapter on Publisher Site

Abstract

[Various random number generators are proposed to obtain random variates following the univariate normal distribution. Box and Muller (1958) is a pioneering work on such a random number generator; see, e.g., Devroye (1986) for others. However, in many Bayesian analyses, multivariate normal random variates subject to linear constraints are often needed to conduct statistical inference. The discrete/continuous choice models under increasing block rate pricing in previous chapters are an example because their sampling algorithms include a step to draw such random variates (a step for elasticity parameters). In this chapter, we focus on simulators for multivariate normal variates subject to linear constraints.]

Published: Dec 17, 2019

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