APS
29th APS Annual Convention · 2017
What to Do with Outliers in Bayesian Analysis
- Bommae Kim
Federal Reserve Bank of Kansas City - Xin Tong
University of Virginia
Abstract
A Monte-Carlo simulation study examined different methods to treat outliers in Bayesian analysis. Robust estimation using a t-distribution and rank-based inverse normal transformation (RIN) showed superior performance over no-treatment, outlier deletion by Cook’s D, and Box-Cox transformation.
Quantitative