STAT472 STATISTICAL DECISION ANALYSIS
| Course Code: | 2460472 |
| METU Credit (Theoretical-Laboratory hours/week): | 4(3-2) |
| ECTS Credit: | 8.0 |
| Department: | Statistics |
| Language of Instruction: | English |
| Level of Study: | Undergraduate |
| Course Coordinator: | Assoc.Prof.Dr. MURAT RECAÝ YÜCEL |
| Offered Semester: | Fall Semesters. |
Course Content
Introduction to decision making and types of decision situations. Bayes theorem and Bayesian decision theory. Prior, posterior and conjugate priordistributions. Loss functions. Empirical Bayesian approach. Utility theory for decision making. Value of information. Sequential decision procedures. Multidecision problems.
Prerequisite: STAT 154