Quote of the Week, June 5, 2007
This is one in a series of quotes by Xiao Li Meng, from an introduction to Markov Chain Monte Carlo (MCMC), given to a room full of astronomers, as part of the April 25, 2006 joint meeting of Harvard’s “Stat 310″ and the California-Harvard Astrostatistics Collaboration:
These MCMC [Markov Chain Monte Carlo] methods are very general.
BUT anytime it is incredibally general, there is something to worry about.
The same is true for bootstrap - it is very general; and easy to misuse.
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