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Application of Mixture Priors to Assessment of Performance

  • Corwin L. Atwood
  • Robert W. Youngblood
Conference paper

Abstract

A“mixture prior” offers significant advantages in performance assessment, compared to diffuse priors previously considered for this application. In particular, a discrete mixture of natural conjugate priors gives a simple and relatively realistic way to model past performance while allowing the possibility of detecting changes in performance. For a range of possible data in a specific example, the behaviour of the resulting posterior is compared to that of posteriors resulting from more traditional priors.

Keywords

Maximum Likelihood Estimate Posterior Distribution Prior Distribution Past Performance Degraded State 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Copyright information

© Springer-Verlag London 2004

Authors and Affiliations

  • Corwin L. Atwood
    • 1
  • Robert W. Youngblood
    • 2
  1. 1.Statwood ConsultingSilver SpringUSA
  2. 2.ISL, Inc.RockvilleUSA

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