sources of projections and the applied calibration methods. We propose a general, Bayesian approach that can be employed to …

considering a Bayesian approach for PD recalibration based on insights derived from both simulated and empirical data (e.g., a … priori and a posteriori distributions). A Bayesian approach was used in two steps: to calculate the Long Run Average (LRA) on … both simulated and empirical data and for the final model calibration to the posterior LRA. The Bayesian approach result …

considering a Bayesian approach for PD recalibration based on insights derived from both simulated and empirical data (e.g., a … priori and a posteriori distributions). A Bayesian approach was used in two steps: to calculate the Long Run Average (LRA) on … both simulated and empirical data and for the final model calibration to the posterior LRA. The Bayesian approach result …

cause. Furthermore, this study applied this analytical Bayesian approach to empirically test the contagion effects of the U …