Poisson-gamma conjugacy with unequal exposures
ID: poisson-gamma-conjugacy-with-unequal-exposures
Given , independent observations have Poisson distribution with means for known exposures. A gamma distribution prior of shape and rate yields a gamma posterior with shape and rate . The likelihood kernel is . Thus the posterior mean depends on total claims and total exposure, not the number of periods alone.
New to topics? Read the docs here!