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• W3098045107 abstract "In this paper, we propose a class of Bayes estimators for the covariance matrix of graphical Gaussian models Markov with respect to a decomposable graph G. Working with the WPG family defined by Letac and Massam [Ann. Statist. 35 (2007) 1278–1323] we derive closed-form expressions for Bayes estimators under the entropy and squared-error losses. The WPG family includes the classical inverse of the hyper inverse Wishart but has many more shape parameters, thus allowing for flexibility in differentially shrinking various parts of the covariance matrix. Moreover, using this family avoids recourse to MCMC, often infeasible in high-dimensional problems. We illustrate the performance of our estimators through a collection of numerical examples where we explore frequentist risk properties and the efficacy of graphs in the estimation of high-dimensional covariance structures." @default.
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• W3098045107 date "2008-12-01" @default.
• W3098045107 modified "2023-10-10" @default.
• W3098045107 title "Flexible covariance estimation in graphical Gaussian models" @default.
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• W3098045107 doi "https://doi.org/10.1214/08-aos619" @default.
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