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Estimating Parameters in Mathematical Model for Societal Booms through Bayesian Inference Approach

This version is not peer-reviewed.

Submitted:

27 July 2019

Posted:

29 July 2019

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Abstract
In this study, based on our previous study, we examined the mathematical properties, especially the stability of the equilibrium for our proposed mathematical model. By means of the results of the stability in this study, we also used actual data representing transient booms and resurgent booms, and conducted parameter estimation for our proposed model using Bayesian inference. In addition, we conducted a model fitting to five actual data. By this study, we reconfirmed that we can express the resurgences or minute vibrations of actual data by means of our proposed model.
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Copyright: This open access article is published under a Creative Commons CC BY 4.0 license, which permit the free download, distribution, and reuse, provided that the author and preprint are cited in any reuse.

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