The Handbook of ABC provides illuminating insight into the world of Bayesian modelling for intractable models for both experts and newcomers alike. It is an essential reference book for anyone interested in learning about and implementing ABC techniques to analyse complex models in the modern world.
As the world becomes increasingly complex, so do the statistical models required to analyse the challenging problems ahead. For the very first time in a single volume, the Handbook of Approximate Bayesian Computation (ABC) presents an extensive overview of the theory, practice and application of ABC methods. These simple, but powerful statistical techniques, take Bayesian statistics beyond the need to specify overly simplified models, to the setting where the model is defined only as a process that generates data. This process can be arbitrarily complex, to the point where standard Bayesian techniques based on working with tractable likelihood functions would not be viable. ABC methods finesse the problem of model complexity within the Bayesian framework by exploiting modern computational power, thereby permitting approximate Bayesian analyses of models that would otherwise be impossible to implement.
The Handbook of ABC provides illuminating insight into the world of Bayesian modelling for intractable models for both experts and newcomers alike. It is an essential reference book for anyone interested in learning about and implementing ABC techniques to analyse complex models in the modern world.
"The Handbook of Approximate Bayesian Computation presents basic approaches as well as extension and mathematical details about ABC approaches. Advantages (simplicity, wide applicability) as well as challenges (computational burden, various assumptions/choice of tuning parameters) of ABC are discussed in theory and application ... the Handbook of Approximate Bayesian Computation is an excellent book and an indispensable choice for all (beginners and advanced users) who are interested in obtaining a deeper understanding of ABC approaches in application as well as statistical theory."-Heiko Götte, Merck Healthcare KGaA, Darmstadt, Germany
