Bayesian Zero-Inflated Poisson Model
Posted on July 05 2017 in Bayesian Statistics • Tagged with zero inflated poisson, mcmc, bayesian statistics, statistics, r • Leave a comment
Wikipedia defines
Continue readingThe zero-inflated Poisson model concerns a random event containing excess zero-count data in unit time. For instance, the number of insurance claims within a population for a certain type of risk would be zero-inflated by those people who have not taken out insurance against the risk and thus …