• Summary
  • Contents
  • Subject index

‘The editors of the new SAGE Handbook of Regression Analysis and Causal Inference have assembled a wide-ranging, high-quality, and timely collection of articles on topics of central importance to quantitative social research, many written by leaders in the field. Everyone engaged in statistical analysis of social-science data will find something of interest in this book.’

- John Fox, Professor, Department of Sociology, McMaster University

‘The authors do a great job in explaining the various statistical methods in a clear and simple way - focussing on fundamental understanding, interpretation of results, and practical application - yet being precise in their exposition.’

- Ben Jann, Executive Director, Institute of Sociology, University of Bern

‘Best and Wolf have put together a powerful collection, especially valuable in its separate discussions of uses for ...

Bayesian Estimation of Regression Models
Bayesian estimation of regression models
SusumuShikano
Introduction to the Method

Bayesian statistics provide an alternative to the maximum likelihood principle for the estimation of regression models. While maximum likelihood assumes a true value for a parameter and describes its estimator, including the standard error, the Bayesian statistics framework assumes a certain distribution as an inherent part of the parameter. This seemingly trivial difference has some important consequences in parameter estimation of statistical models, including regression models. To make this point clear, we explicate the difference between Bayesian statistics and maximum likelihood in what follows.

Basic Idea of Bayesian Estimation

In the maximum likelihood framework, a single data set is interpreted as one realization of potential data sets. This is very simple to understand if one ...

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