Partial knowledge, entropy, and estimation
AUTOR(ES)
MacQueen, James
RESUMO
In a growing body of literature, available partial knowledge is used to estimate the prior probability distribution p≡(p1,...,pn) by maximizing entropy H(p)≡-Σpi log pi, subject to constraints on p which express that partial knowledge. The method has been applied to distributions of income, of traffic, of stock-price changes, and of types of brand-article purchases. We shall respond to two justifications given for the method:
