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Bayesian Statistical Modeling: Comparisons Between Poisson and Its Zero-Inflated Regression Model

  • Muhammad′ Afif Amir HusinEmail author
  • Mohd Fadzli Mohd Fuzi
Conference paper

Abstract

In this paper, we fit Poisson regression model and its Zero-Inflated version in Bayesian framework, to Malaysian motor vehicle claim count data, in order to study the differences between the models. The models are tested to Third Party Property Damage coverage data which contains sizeable amount of zero claims. The posterior distributions for both models are produced using Markov Chain Monte Carlo (MCMC) simulation to estimate their parameters. The results show that the Bayesian Zero-Inflated Poisson model has superiority over the standard Bayesian Poisson model based on the Deviance Information Criterion (DIC) values.

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Copyright information

© Springer Nature Singapore Pte Ltd. 2019

Authors and Affiliations

  • Muhammad′ Afif Amir Husin
    • 1
    Email author
  • Mohd Fadzli Mohd Fuzi
    • 1
  1. 1.Faculty of Science and TechnologyUniversiti Sains Islam MalaysiaNilaiMalaysia

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