Home
Forms Library
Is Bayesian regression a valid alternative to principal components?

Is Bayesian regression a valid alternative to principal components? 2025

Is Bayesian regression a valid alternative to principal components? Preview on Page 1

See details

4 out of 5

53 votes

The document analyzes the effectiveness of Bayesian regression methods, specifically with normal and double-exponential priors, as alternatives to principal components for forecasting using large panels of time series data. It demonstrates that Bayesian forecasts are highly correlated with those from principal components and perform comparably across various prior choices. The paper also explores the asymptotic properties of Bayesian regression under Gaussian priors in the context of an approximate factor structure, providing insights into parameter setting for large datasets. Empirical results indicate that both Bayesian and principal component methods can effectively handle the curse of dimensionality in macroeconomic forecasting.

Here's how it works

01. Edit your form online

Type text, add images, blackout confidential details, add comments, highlights and more.

02. Sign it in a few clicks

Draw your signature, type it, upload its image, or use your mobile device as a signature pad.

03. Share your form with others

Send it via email, link, or fax. You can also download it, export it or print it out.

How to quickly redact Is Bayesian regression a valid alternative to principal components? online

Ease of Setup

DocHub User Ratings on G2

Ease of Use

DocHub User Ratings on G2

Dochub is a perfect editor for modifying your documents online. Follow this simple guide to redact Is Bayesian regression a valid alternative to principal components? in PDF format online at no cost:

Register and log in. Create a free account, set a secure password, and proceed with email verification to start working on your forms.
Upload a document. Click on New Document and choose the file importing option: add Is Bayesian regression a valid alternative to principal components? from your device, the cloud, or a protected URL.
Make adjustments to the sample. Utilize the top and left-side panel tools to redact Is Bayesian regression a valid alternative to principal components?. Add and customize text, pictures, and fillable fields, whiteout unneeded details, highlight the significant ones, and provide comments on your updates.
Get your paperwork done. Send the sample to other individuals via email, create a link for faster document sharing, export the sample to the cloud, or save it on your device in the current version or with Audit Trail included.

Discover all the benefits of our editor right now!