bayesm swMATH ID: 6787 Software Authors: Allenby, Greg M.; Rossi, Peter E. Description: Teaching Bayesian statistics to marketing and business students. We discuss our experiences teaching Bayesian statistics to students in doctoral programs in business. These students often have weak backgrounds in mathematical statistics and a predisposition against likelihood-based methods stemming from prior exposure to econometrics. This can be overcome by an intense course that emphasizes the value of the Bayesian approach to solving nontrivial problems. The success of our course is primarily due to the emphasis on statistical computing. This is facilitated by our R package, bayesm, which provides efficient implementation of advanced methods and models. Homepage: http://cran.r-project.org/web/packages/bayesm/index.html Source Code: https://github.com/cran/bayesm Dependencies: R Keywords: bayesm package; hierarchical models; posterior inference; R software Related Software: R; CODA; MNP; JAGS; flexmix; boa; OpenBUGS; DPpackage; RSGHB; Mlogit; Mcmcpack; Systemfit; BayesDA; Rcpp; R2WinBUGS; UCI-ml; ChoiceModelR; Rchoice; gmnl; mnlogit Cited in: 64 Publications all top 5 Cited by 136 Authors 6 Rossi, Peter E. 5 Allenby, Greg M. 4 Galimberti, Giuliano 4 Soffritti, Gabriele 4 Steiner, Winfried J. 2 DeSarbo, Wayne S. 2 Fong, Duncan K. H. 2 Frühwirth-Schnatter, Sylvia 2 Kim, Sunghoon 2 Lee, Jeong Eun 2 McCulloch, Robert Edward 2 Weber, Anett 2 Zellner, Arnold 1 Adamowicz, Wiktor L. 1 Ando, Tomohiro 1 Arashi, Mohammad 1 Aßmann, Christian 1 Bajari, Patrick 1 Bansal, Prateek 1 Belin, Thomas R. 1 Benavoli, Alessio 1 Bertsimas, Dimitris John 1 Boscardin, W. John 1 Boysen-Hogrefe, Jens 1 Burghardt, Elliot 1 Cavanaugh, Joseph E. 1 Cederburg, Scott 1 Chen, Zhe 1 Congdon, Peter D. 1 Conley, Timothy G. 1 Dean, Angela M. 1 Defryn, Christof 1 Depraetere, Nicolas 1 Diani, Cecilia 1 Dufour, Jean-Marie 1 Fok, Dennis 1 Fox, Jeremy T. 1 Franses, Philip Hans 1 Frühwirth, Rudolf 1 Goeken, Nils 1 Golden, Bruce L. 1 Graham, Daniel J. 1 Hansen, Christian B. 1 Hanson, Tim 1 Hein, Maren 1 Hou, Lu 1 Hruschka, Harald 1 Jagabathula, Srikanth 1 Jammalamadaka, Sreenivasa Rao 1 Jara, Alejandro 1 Jézéquel, Pascal 1 Jiang, Renna 1 Kadziński, Miłosz 1 Kalouptsidis, Nicholas 1 Kamary, Kaniav 1 Karabatsos, George 1 Karra, Saketh 1 Kim, Jaehwan 1 Kim, Jung Seek 1 Kim, Kyoo il 1 Selland Kleppe, Tore 1 Kleyn, J. 1 Krueger, Rico 1 Kunkel, Deborah 1 Kurz, Peter 1 Lan, Wei 1 Lang, Stefan M. 1 Lee, Baozhen 1 Leisen, Fabrizio 1 Li, Mingliang 1 Liao, Xiuwu 1 Liu, Jiapeng 1 Liu, Qing 1 Lopes, Hedibert Freitas 1 Luger, Richard 1 Luo, Ronghua 1 Ma, Shaohui 1 Magnus, Gideon 1 Magnus, Jan R. 1 Mahani, Alireza S. 1 Maldonado, Sebastián 1 Manchanda, Puneet 1 Mandal, Abhyuday 1 Mangili, Francesca 1 Mišić, Velibor V. 1 Miyatsu, Kazuhiro 1 Montoya, Ricardo 1 Müller, Peter 1 Nicholls, Geoff K. 1 Ning, Ning 1 Nuzzi, Lorenzo 1 Obiang, Eunice Okome 1 O’Doherty, Michael S. 1 Oglend, Atle 1 Osmundsen, Kjartan Kloster 1 Paap, Richard 1 Paetz, Friederike 1 Peruggia, Mario 1 Pittau, Maria Grazia 1 Polson, Nicholas G. ...and 36 more Authors all top 5 Cited in 30 Serials 10 Journal of Econometrics 9 Computational Statistics and Data Analysis 8 European Journal of Operational Research 3 Journal of Statistical Theory and Practice 2 Operations Research 2 Econometric Reviews 2 Computational Statistics 2 Communications in Statistics. Simulation and Computation 2 OR Spectrum 2 Advances in Data Analysis and Classification. ADAC 2 Statistics and Computing 1 Psychometrika 1 Journal of the American Statistical Association 1 Journal of Mathematical Psychology 1 Metron 1 Computers & Operations Research 1 Communications in Statistics. Theory and Methods 1 Monte Carlo Methods and Applications 1 European Series in Applied and Industrial Mathematics (ESAIM): Probability and Statistics 1 Journal of Applied Statistics 1 Decisions in Economics and Finance 1 Journal of Machine Learning Research (JMLR) 1 Statistical Methods and Applications 1 Statistical Methodology 1 Electronic Journal of Statistics 1 Journal of Computational and Graphical Statistics 1 Bayesian Analysis 1 Springer Series in Statistics 1 Journal of the Japan Statistical Society. Japanese Issue 1 Wiley Series in Probability and Statistics all top 5 Cited in 7 Fields 54 Statistics (62-XX) 12 Operations research, mathematical programming (90-XX) 12 Game theory, economics, finance, and other social and behavioral sciences (91-XX) 11 Numerical analysis (65-XX) 2 Computer science (68-XX) 1 Probability theory and stochastic processes (60-XX) 1 Astronomy and astrophysics (85-XX) Citations by Year