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arXiv · 2502.11321

Advances in Bayesian Modeling: Applications and Methods

Yifei Yan·Juan Sosa·Carlos A. Martínez
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Abstract

This paper explores the versatility and depth of Bayesian modeling by presenting a comprehensive range of applications and methods, combining Markov chain Monte Carlo (MCMC) techniques and variational approximations. Covering topics such as hierarchical modeling, spatial modeling, higher-order Markov chains, and Bayesian nonparametrics, the study emphasizes practical implementations across diverse fields, including oceanography, climatology, epidemiology, astronomy, and financial analysis. The aim is to bridge theoretical underpinnings with real-world applications, illustrating the formulation of Bayesian models, elicitation of priors, computational strategies, and posterior and predictive analyses. By leveraging different computational methods, this paper provides insights into model fitting, goodness-of-fit evaluation, and predictive accuracy, addressing computational efficiency and methodological challenges across various datasets and domains.

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Yifei Yan, Juan Sosa, Carlos A. Martínez. 2025-02-17. Advances in Bayesian Modeling: Applications and Methods. https://arxiv.org/abs/2502.11321

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