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Finite Mixture and Markov Switching Models [Springer Series in Statistics]
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Item specifics
- Condition
- Brand New: A new, unread, unused book in perfect condition with no missing or damaged pages. See all condition definitionsopens in a new window or tab
- ISBN
- 9780387329093
About this product
Product Identifiers
Publisher
Springer New York
ISBN-10
0387329099
ISBN-13
9780387329093
eBay Product ID (ePID)
52761567
Product Key Features
Number of Pages
Xix, 494 Pages
Publication Name
Finite Mixture and Markov Switching Models
Language
English
Publication Year
2006
Subject
Probability & Statistics / Stochastic Processes, Probability & Statistics / General, Computer Science, Econometrics, Probability & Statistics / Bayesian Analysis
Type
Textbook
Subject Area
Mathematics, Computers, Business & Economics
Series
Springer Series in Statistics Ser.
Format
Hardcover
Dimensions
Item Height
0.4 in
Item Weight
69.8 Oz
Item Length
9.3 in
Item Width
6.1 in
Additional Product Features
Intended Audience
Scholarly & Professional
LCCN
2006-923106
Reviews
From the reviews:"At first glance, the numerous equations and formulas may seem to be daunting for psychologists with limited statistical background; however, the descriptions and explanations of the various models are actually quite reader friendly (more so than many advanced statistical textbooks). The author has done an excellent job of inviting newcomers to enter the world of mixture models, more impressively, the author did so without sacrificing mathematical and statistical rigor. Mixture models are appealing in many applications in social and psychological studies. This book not only offers a gentle introduction to mixture models but also provides more in depth coverage for those who look beyond the surface. I believe that psychologists who are interested in related models (e.g., latent class models, latent Markov models, and latent class regression models) will benefit greatly from this book. I highly recommend this book to all psychologists who are interested in mixture models." (Hsiu-Ting Yu, PSYCHOMETRIKA-VOL. 74, NO. 3, 559560 SEPTEMBER 2009)"The book is impressive in its mathematical and formal correctness, in generality and in details....it would be helfpful as an additional reference among a wider range of available textbooks in the area. [I]t will find many friends among experts and newcomers to the world of mixture models." (Atanu Biswas, Biometrics, Issue 63, September 2007)"Finite mixture distributions are important for many models. Therefore they constitute a very active field of research. This book gives an up to date overview over the various models of this kind. … The aim of this book is to impart the finite mixture and Markov switching approach to statistical modeling to a wide-ranging community. … For the frequentists, it offers a good opportunity to explore the advantages of the Bayesian approach in the context of mixing models." (Gheorghe Pitis, Zentralblatt MATH, Vol. 1108 (10), 2007)"Readership: Statisticians, biologists, economists, engineers, financial agents, market researchers, medical researchers or any other frequent user of statistical models. The first nine chapters of the book are concerned with static mixture models, and the last four with Markov switching models. … especially valuable for students, serving to demonstrate how different statistical techniques, which superficially appear to be unrelated, are in fact part of an integrated whole. This book struck me as being particularly clearly written it is a pleasure to read." (David J. Hand, International Statistical Review, Vol. 75 (2), 2007)"The book is excellent, giving a most readable overview of the topic of finite mixtures, aimed at a broad readership … . Students will like the text because of the pedagogical writing sty≤ researchers will definitely welcome the broad treatment of the subject. Both will benefit from the extensive and up-to-date bibliography … as well as the well-organized index. No doubt, this book is a valuable addition to the field of statistics and will surely find its rightful place in many a statistician's library." (Valerie Chavez-Demoulin, Journal of the American Statistical Association, Vol. 104 (485), March, 2009), From the reviews: "At first glance, the numerous equations and formulas may seem to be daunting for psychologists with limited statistical background; however, the descriptions and explanations of the various models are actually quite reader friendly (more so than many advanced statistical textbooks). The author has done an excellent job of inviting newcomers to enter the world of mixture models, more impressively, the author did so without sacrificing mathematical and statistical rigor. Mixture models are appealing in many applications in social and psychological studies. This book not only offers a gentle introduction to mixture models but also provides more in depth coverage for those who look beyond the surface. I believe that psychologists who are interested in related models (e.g., latent class models, latent Markov models, and latent class regression models) will benefit greatly from this book. I highly recommend this book to all psychologists who are interested in mixture models." (Hsiu-Ting Yu, PSYCHOMETRIKA--VOL. 74, NO. 3, 559-560 SEPTEMBER 2009) "The book is impressive in its mathematical and formal correctness, in generality and in details....it would be helfpful as an additional reference among a wider range of available textbooks in the area. [I]t will find many friends among experts and newcomers to the world of mixture models." (Atanu Biswas, Biometrics, Issue 63, September 2007) "Finite mixture distributions are important for many models. Therefore they constitute a very active field of research. This book gives an up to date overview over the various models of this kind. ... The aim of this book is to impart the finite mixture and Markov switching approach to statistical modeling to a wide-ranging community. ... For the frequentists, it offers a good opportunity to explore the advantages of the Bayesian approach in the context of mixing models." (Gheorghe Pitis, Zentralblatt MATH, Vol. 1108(10), 2007) "Readership: Statisticians, biologists, economists, engineers, financial agents, market researchers, medical researchers or any other frequent user of statistical models. The first nine chapters of the book are concerned with static mixture models, and the last four with Markov switching models. ... especially valuable for students, serving to demonstrate how different statistical techniques, which superficially appear to be unrelated, are in fact part of an integrated whole. This book struck me as being particularly clearly written - it is a pleasure to read." (David J. Hand, International Statistical Review, Vol. 75 (2), 2007) "The book is excellent, giving a most readable overview of the topic of finite mixtures, aimed at a broad readership ... . Students will like the text because of the pedagogical writing style; researchers will definitely welcome the broad treatment of the subject. Both will benefit from the extensive and up-to-date bibliography ... as well as the well-organized index. No doubt, this book is a valuable addition to the field of statistics and will surely find its rightful place in many a statistician's library." (Valerie Chavez-Demoulin, Journal of the American Statistical Association, Vol. 104 (485), March, 2009), From the reviews: "At first glance, the numerous equations and formulas may seem to be daunting for psychologists with limited statistical background; however, the descriptions and explanations of the various models are actually quite reader friendly (more so than many advanced statistical textbooks). The author has done an excellent job of inviting newcomers to enter the world of mixture models, more impressively, the author did so without sacrificing mathematical and statistical rigor. Mixture models are appealing in many applications in social and psychological studies. This book not only offers a gentle introduction to mixture models but also provides more in depth coverage for those who look beyond the surface. I believe that psychologists who are interested in related models (e.g., latent class models, latent Markov models, and latent class regression models) will benefit greatly from this book. I highly recommend this book to all psychologists who are interested in mixture models." (Hsiu-Ting Yu, PSYCHOMETRIKA--VOL. 74, NO. 3, 559-560 SEPTEMBER 2009) "The book is impressive in its mathematical and formal correctness, in generality and in details....it would be helfpful as an additional reference among a wider range of available textbooks in the area. [I]t will find many friends among experts and newcomers to the world of mixture models." (Atanu Biswas, Biometrics, Issue 63, September 2007) "Finite mixture distributions are important for many models. Therefore they constitute a very active field of research. This book gives an up to date overview over the various models of this kind. ... The aim of this book is to impart the finite mixture and Markov switching approach to statistical modeling to a wide-ranging community. ... For the frequentists, it offers a good opportunity to explore the advantages of the Bayesian approach in the context of mixing models." (Gheorghe Pitis, Zentralblatt MATH, Vol. 1108 (10), 2007) "Readership: Statisticians, biologists, economists, engineers, financial agents, market researchers, medical researchers or any other frequent user of statistical models. The first nine chapters of the book are concerned with static mixture models, and the last four with Markov switching models. ... especially valuable for students, serving to demonstrate how different statistical techniques, which superficially appear to be unrelated, are in fact part of an integrated whole. This book struck me as being particularly clearly written - it is a pleasure to read." (David J. Hand, International Statistical Review, Vol. 75 (2), 2007) "The book is excellent, giving a most readable overview of the topic of finite mixtures, aimed at a broad readership ... . Students will like the text because of the pedagogical writing style; researchers will definitely welcome the broad treatment of the subject. Both will benefit from the extensive and up-to-date bibliography ... as well as the well-organized index. No doubt, this book is a valuable addition to the field of statistics and will surely find its rightful place in many a statistician's library." (Valerie Chavez-Demoulin, Journal of the American Statistical Association, Vol. 104 (485), March, 2009)
Dewey Edition
22
Number of Volumes
1 vol.
Illustrated
Yes
Dewey Decimal
519.233
Table Of Content
Finite Mixture Modeling.- Statistical Inference for a Finite Mixture Model with Known Number of Components.- Practical Bayesian Inference for a Finite Mixture Model with Known Number of Components.- Statistical Inference for Finite Mixture Models Under Model Specification Uncertainty.- Computational Tools for Bayesian Inference for Finite Mixtures Models Under Model Specification Uncertainty.- Finite Mixture Models with Normal Components.- Data Analysis Based on Finite Mixtures.- Finite Mixtures of Regression Models.- Finite Mixture Models with Nonnormal Components.- Finite Markov Mixture Modeling.- Statistical Inference for Markov Switching Models.- Nonlinear Time Series Analysis Based on Markov Switching Models.- Switching State Space Models.
Synopsis
This book is the first to offer a systematic presentation of the Bayesian perspective of finite mixture modeling, showing how finite mixture and Markov switching models are formulated, what structures they imply on the data, their potential uses, and how they are estimated., Modelling based on ?nite mixture distributions is a rapidly developing area with the range of applications exploding. Finite mixture models are nowadays applied in such diverse areas as biometrics, genetics, medicine, and marketing whereas Markov switching models are applied especially in economics and ?nance.Thereexistvariousfeaturesof'nitemixturedistributionsthatrender them useful in statistical modelling. First, ?nite mixture distributions arise in anaturalwayasmarginaldistributionforstatisticalmodelsinvolvingdiscrete latent variables such as clustering or latent class models. On the other hand, we ?nd that statistical models which are based on ?nite mixture distributions capture many speci'c properties of real data such as multimodality, skewness, kurtosis, and unobserved heterogeneity. Their extension to Markov mixture models is able to deal with many features of practical time series, for example, spurious long-range dependence and conditional heteroscedasticity. Finite mixture models provide a straightforward, but very ?exible ext- sion of classical statistical models. The price paid for this ?exibility is that inference for these models is somewhat of a challenge. Although the speci'c models discussed in this book are very di'erent, they share common features as far as inference is concerned, namely a discrete latent structure that causes certain fundamental di'culties in estimation, the need to decide on the - known number of groups, states, and clusters, and great similarities in the algorithms used for practical estimation., The past decade has seen powerful new computational tools for modeling which combine a Bayesian approach with recent Monte simulation techniques based on Markov chains. This book is the first to offer a systematic presentation of the Bayesian perspective of finite mixture modelling. The book is designed to show finite mixture and Markov switching models are formulated, what structures they imply on the data, their potential uses, and how they are estimated. Presenting its concepts informally without sacrificing mathematical correctness, it will serve a wide readership including statisticians as well as biologists, economists, engineers, financial and market researchers., The past decade has seen powerful new computational tools for modeling which combine a Bayesian approach with recent Monte simulation techniques based on Markov chains. This book reviews these techniques and covers advances in the field. This is the first book to offer a systematic presentation of the Bayesian perspective of finite mixture modelling. Focusing mainly on Bayesian inference, the author reviews several frequentist techniques, especially selecting the number of components of a finite mixture model, and discusses some of their shortcomings compared to the Bayesian approach. The book is designed to show how finite mixture and Markov switching models are formulated, what structures they imply on the data, their potential uses, and how they are estimated. Presenting its concepts informally without sacrificing mathematical correctness, the book will serve a wide readership including statisticians as well as biologists, economists, engineers, financial and market researchers., The prominence of finite mixture modelling is greater than ever. Many important statistical topics like clustering data, outlier treatment, or dealing with unobserved heterogeneity involve finite mixture models in some way or other. The area of potential applications goes beyond simple data analysis and extends to regression analysis and to non-linear time series analysis using Markov switching models.For more than the hundred years since Karl Pearson showed in 1894 how to estimate the five parameters of a mixture of two normal distributions using the method of moments, statistical inference for finite mixture models has been a challenge to everybody who deals with them. In the past ten years, very powerful computational tools emerged for dealing with these models which combine a Bayesian approach with recent Monte simulation techniques based on Markov chains. This book reviews these techniques and covers the most recent advances in the field, among them bridge sampling techniques and reversible jump Markov chain Monte Carlo methods.It is the first time that the Bayesian perspective of finite mixture modelling is systematically presented in book form. It is argued that the Bayesian approach provides much insight in this context and is easily implemented in practice. Although the main focus is on Bayesian inference, the author reviews several frequentist techniques, especially selecting the number of components of a finite mixture model, and discusses some of their shortcomings compared to the Bayesian approach.The aim of this book is to impart the finite mixture and Markov switching approach to statistical modelling to a wide-ranging community. This includes not onlystatisticians, but also biologists, economists, engineers, financial agents, market researcher, medical researchers or any other frequent user of statistical models. This book should help newcomers to the field to understand how finite mixture and Markov switching models are formulated, what structures they imply on the data, what they could be used for, and how they are estimated. Researchers familiar with the subject also will profit from reading this book. The presentation is rather informal without abandoning mathematical correctness. Previous notions of Bayesian inference and Monte Carlo simulation are useful but not needed.
LC Classification Number
QA273.A1-274.9
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Seller feedback (2,934)
- 2***o (205)- Feedback left by buyer.Past 6 monthsVerified purchaseAs described in perfect condition no damage to whole lot handled with care very good price package with bubble wrap appearance fantastic very brand new quality fantastic fantastic definently recommend ships rite away no waiting AAA+++ definently coming back thank you sellerSpace 1999: Megaset [DVD] (#156355852615)
- i***l (194)- Feedback left by buyer.Past 6 monthsVerified purchaseMy books arrived quickly and were well-packaged. Books were in excellent condition as described. Would definitely purchase from this seller again.
- n***h (863)- Feedback left by buyer.Past yearVerified purchaseGreat eBay seller. Perfect transaction. Fast shipping. Expert packing job/materials. Very reasonable shipping charges. Excellent customer service and communications. Item description was/is right on. Very pleased all the way around. Five stars for sure. THANK YOU!!Strauss: Operas (#156607876078)