Reasons for prefering Bayesian over ML or PC - Githubissues

srlanalytics / bdfm

Bayesian dynamic factor model estimation and predictive statistics including nowcasting and forecasting

MIT License

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Reasons for prefering Bayesian over ML or PC #80

Open christophsax opened 5 years ago

christophsax commented 5 years ago

Reasons for usually preferring Bayesian over ML or PC

Support any kind of frequency mix
allows the inclusion of priors, i.e., you can give a certain series a larger weight
???

ML over the rest

For identical frequencies with no priors, it is faster?

PC over the rest

For large models of identical frequencies.