Bayesian Econometric Modelling for Big Data

Taming Big Data: A Bayesian Econometrics Revolution

This book delves into scalable Bayesian statistical methods designed to tackle the challenges posed by big data. It explores a variety of divide-and-conquer and subsampling techniques, seamlessly integrating these scalable methods into a broad spectrum of econometric models.

In addition to its focus on big data, the book introduces novel concepts within traditional statistics, such as the summation, subtraction, and multipl…