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Approximate Bayesian Computation: A Nonparametric Perspective

Approximate Bayesian Computation: A Nonparametric Perspective

Abstract Approximate Bayesian Computation is a family of likelihood-free inference techniques that are well suited to models defined in terms of a stochastic generating mechanism. In a nutshell, Approximate Bayesian Computation proceeds by computing summary statistics sobs from the data and simulating summary statistics for different values of the parameter …