Bayesian methods are growing more and more popular, finding new
practical applications in the fields of health sciences, engineering,
environmental sciences, business and economics and social sciences,
among others. This book explores the use of Bayesian analysis in the
statistical estimation of the unknown phenomenon of interest. The
contents demonstrate that where such methods are applicable, they offer
the best possible estimate of the unknown. Beyond presenting Bayesian
theory and methods of analysis, the text is illustrated with a variety
of applications to real world problems.