##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 | \\ **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.