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Efficient Bayesian estimation of multivariate state space models

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Author Info
Strickland, Chris M.
Turner, Ian. W.
Denham, Robert
Mengersen, Kerrie L.
Abstract

A Bayesian Markov chain Monte Carlo methodology is developed for the estimation of multivariate linear Gaussian state space models. In particular, an efficient simulation smoothing algorithm is proposed that makes use of the univariate representation of the state space model. Substantial gains over existing algorithms in computational efficiency are achieved using the new simulation smoother for the analysis of high dimensional multivariate time series. The methodology is used to analyse a multivariate time series dataset of the Normalised Difference Vegetation Index (NDVI), which is a proxy for the level of live vegetation, for a particular grazing property located in Queensland, Australia.

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Publisher Info
Article provided by Elsevier in its journal Computational Statistics & Data Analysis.

Volume (Year): 53 (2009)
Issue (Month): 12 (October)
Pages: 4116-4125
Download reference. The following formats are available: HTML (with abstract), plain text (with abstract), BibTeX, RIS (EndNote, RefMan, ProCite), ReDIF
Handle: RePEc:eee:csdana:v:53:y:2009:i:12:p:4116-4125

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This page was last updated on 2009-12-3.


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