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arxiv: 1507.06350 · v7 · pith:IY56FZBAnew · submitted 2015-07-22 · 📊 stat.ML

Admissibility of a posterior predictive decision rule

classification 📊 stat.ML
keywords posteriorpredictivebayesiandecisiondistributionpredictionadmissibilityallows
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Recent decades have seen an interest in prediction problems for which Bayesian methodology has been used ubiquitously. Sampling from or approximating the posterior predictive distribution in a Bayesian model allows one to make inferential statements about potentially observable random quantities given observed data. The purpose of this note is to use statistical decision theory as a basis to justify the use of a posterior predictive distribution for making a point prediction.

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