Bayes Estimates for the Price and Income Elasticities of Alcoholic Beverages in Finland From 1955 to 1980
Bibliographic Data
| ID | 19417415 |
|---|---|
| Authors | Juha Ahtola (University of Helsinki), Anders Ekholm (0000-0002-3516-1125, University of Helsinki), Antti Somervuori (The Finnish Foundation for Alcohol Studies) |
| Year | 1986 |
| Volume | 4 |
| Issue | 2 |
| Pages | 199-208 |
| Publication date | 1986-04-01 |
| Open Access | No |
| Type | ARTICLE |
| Venue | Journal of Business and Economic Statistics (JOURNAL) |
| Journal identifiers | ISSN: 0735-0015 • E-ISSN: 1537-2707 |
| Publisher | Informa UK Limited (PUBLISHER • GB) |
| DOI | 10.1080/07350015.1986.10509515 |
| OpenAlex | W2009677725 |
| Language | EN |
| Citations received | 1 |
| References cited | 5 |
The Lindley–Smith theory of Bayes estimates for multiple regression equations with exchangeability between the regression coefficients of the individual equations is extended to the case in which a first-order autoregressive process generates the regression coefficients. The ensuing formulas are applied to study monthly Finnish consumption of alcohol. The point of this application is that exchangeability between the regression coefficients is less than we can assess beforehand when there is a natural ordering, in this case according to chronological time, of the equations. Still, the general task of the Lindley–Smith estimators, to consider the combined data when estimating individual regression coefficients, is a relevant one
Autoregressive model · Bayes' theorem · Bayesian probability · Econometrics · Economics · Estimator · Regression · Regression analysis · Seemingly unrelated regressions · Statistics · Bayesian Methods and Mixture Models · Forecasting Techniques and Applications · Mathematics · Statistical Methods and Inference
| Citations per year | 0.04 |
|---|---|
| Citation span | 1998 - 1998 (1) |
| Highly cited | No |