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Abstract 鈥?There exist various choices for the prior distribution of the success parameter in Binomial distributions. Popular choices are the Beta distribution Cheap NFL Jerseys From China , which is the conjugate prior, the Jeffreys鈥?prior and the Haldane prior. In the present paper, we propose a measure of the impact of each prior on the posterior distribution by comparing, at fixed sample size n Cheap NFL Jerseys China , each resulting posterior to the data likelihood, which can be seen as the posterior resulting from the Uniform prior. More precisely, we provide tight lower and upper bounds for the Wasserstein distance between each of the three posteriors and the likelihood. This allows us to formally confirm the general belief that, for a reasonable choice of prior distribution and a large enough sample size Cheap NFL Jerseys , the impact of the prior on the posterior inference is small. Moreover, we see that the impact of the Jeffreys鈥?and Haldane prior, unlike for the Beta prior, depends on the data observed.


To receive a PDF version of the article Cheap Jerseys China Wholesale , please click here: Total Views: 48Word Count: 167See All articles From Author
Retirement can be a difficult time both physically and financially. With the slow deterioration of health, financial security can be attained if one is careful. A government-sanctioned pension scheme, known as the national pension scheme, is the simplest and cheapest way to ensure this financial independence post-retirement.


What is the National Pension Scheme (NPS)?


It is the least known government approved pension schemes in India. It is a specialized investment where people can deposit small sums of money over the years. The NPS would then offer a lump sum payout during the retired life of the investor. Therefore Cheap Jerseys Online , the investor does not need to maintain other savings for hisher post-retired life.


Types of NPS


NPS is divided into two types or tiers, namely, Tier I and Tier II.


鈥?Tier-I Account
In this type of National Pension Scheme account, the withdrawals are limited. If you are investing in the first tier of NPS Cheap Sports Jerseys , you can withdraw up to 20 per cent of the funds before reaching the age of 60. The remaining 80 per cent of the money is used for buying the annuity for you. Due to the annuity plan, you would need to pay a fixed sum of money until the scheme matures or until you pass away.


鈥?Tier-II Account
It is a savings option where you save voluntarily. Therefore, from such an NPS account, you are free to withdraw whenever you like and as much as you like.


The charge involved with National Pension Scheme investments


鈥?During the initial set up of the NPS account Cheap Authentic Jerseys , you would need to pay the POP charges. Rs. 100 is charged as registration fee. Furthermore, 0.25 per cent of the initial investment is charged as a contribution. The minimum amount is Rs. 20 and the maximum is Rs. 25,000.


鈥?For subsequent transactions, the subscriber pays a 0.25 per cent fee on the amount subscribed. The minimum payment is Rs. 20 Cheap Jerseys Wholesale , while the maximum payment is Rs. 25,000.


鈥?Any transaction that does not involve any subscriber contribution will result in a charge of Rs. 20.


Keep these factors in mind if you are planning to invest in the National Pension Scheme so that you can take advantage of the benefits from such investments post your retirement life.

Author bio:
Neha Sharma is a finance student who loves to write in her free time. She has spent considerable time researching about National Pension Scheme. Through her work, she informs about its types and charges

Total Views: 39Word Count: 402See All articles From Author


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