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Posterior Inference in Bayesian Quantile Regression with Asymmetric Laplace Likelihood

Posterior Inference in Bayesian Quantile Regression with Asymmetric Laplace Likelihood

Summary The paper discusses the asymptotic validity of posterior inference of pseudo‐Bayesian quantile regression methods with complete or censored data when an asymmetric Laplace likelihood is used. The asymmetric Laplace likelihood has a special place in the Bayesian quantile regression framework because the usual quantile regression estimator can be derived …