Being a Closet Bayesian (cont’d) • Why I chose a Bayesian approach? • Too many parameters • Small sample size • Clear decision problem • Sensitive to prior SSO 2007 Fall Seminar and Workshop 6
Being a Closet Bayesian (cont’d) • Why I chose a Bayesian approach? (cont’d) • Insight into problem • Percentile estimation from sample surveys • Multiple comparisons • New problem • Estimating time series models where observations were subject to possibly correlated survey error (also used for analyzing panel surveys) SSO 2007 Fall Seminar and Workshop 7
The feed binders market is mainly driven by increasing consumption of non- vegetarian food. Feed binders are products that are used to bind or hold the various feed components together into stabilized feed form.
To understand the competitive landscape in the market, an analysis of Porter’s five forces model for the Wood Adhesives and Binders market has also been included, strategic development along with patents analysis is included in this report.