|Date||Jun 08, 2016|
|Dept.||Virginia Tech, USA|
In this talk, I briefly explain the Bayesian Paradigm. I then describe how to construct Bayesian hierarchical model and discuss the advantage of this modeling. We further describe flexible Bayesian framework using parametric and nonparametric Bayesian approach. I then explain how to apply parametric and nonparametric Bayesian modeling using finance data.