Actuarial Notes

CAS Exam MAS-II Fall 2018, Question 30

Study guide: Exam MAS-II

You are given the following procedures:

  • I. Gibbs algorithm
  • II. Metropolis-Hastings algorithm
  • III. Restricted Maximum Likelihood

Determine which of the above procedures can be used to update posterior distributions.

  • A) None can be used
  • B) I and II only
  • C) I and III only
  • D) II and III only
  • E) The answer is not given by (A), (B), (C), or (D)

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