##Statistics Seminar##\\ Department of Mathematical Sciences
^ **DATE:**|Thursday, September 7, 2017 |
^ **TIME:**|1.15p-2.15p |
^ **LOCATION:**|WH 100E |
^ **SPEAKER:**|Yang Fang, Binghamton University |
^ **TITLE:**|Bayesian Estimation for the Multivariate Normal Inverse Gaussian Model |
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**Abstract**
Mixture of multivariate normal inverse Gaussian (MNIG) distributions could be applied to clustering financial data. Parameter estimation of MNIG distribution under Bayesian framework via a Gibbs scheme is provided. The estimation process contains complicate distribution whose simulation is not standard. Application to both simulated and real data are discussed.