The comparison between classical approach and Bayesian approach to estimate the simultaneous equations in case the dependent variable is binary with application
Volume 12, Issue 48, Pages 100-131
AbstractThe research represents an attempt to estimate the simultaneous equations system in case the endogenous variable is classified binary by Using Bayesian approach and applied this method on relation between blood Pressure and psychological stress .the researcher used classical method as prior information to order to use Bayesian approach and compare between the classical method and Bayesian method and also compare among Bayesian methods by using criterion of (mse),and he deduced that the proposal method is the best from another methods.
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