Read the article titled Stein’s Paradox in Statistics.
Briefly describe your thoughts on the article.
How does this article illustrate the concept of shrinkage?
Summarize Stein’s Paradox.
Generate data from a two-dimensional hierarchical normal model (e.g. students within a school). Write code for a Gibbs sampler and convince me that your code returns the correct answer.
Using the Seattle housing dataset http://www.math.montana.edu/ahoegh/teaching/stat532/data/SeattleHousing.csv, build a regression model to predict price. This does not have to be a “complete analysis,” but include at least one continuous and categorical predictor.