CAS Exam MAS-II Fall 2019, Question 23
Study guide: Exam MAS-II
You are given the following statements to evaluate regarding the benefits of using a multilevel approach in your Bayesian model:
I. They provide improved estimates when different clusters have a different number of observations in the training dataset. II. Estimating from the posterior distribution is simpler. III. The models produced are always easier to understand.
Determine which of the above statements are benefits of a Bayesian multilevel modelling approach.
- A) I only
- B) II only
- C) III only
- D) I, II and III
- E) The answer is not given by (A), (B), (C), or (D)
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