Hi every one
Can some one intepret the Dynare report after the Bayesian estimation as such
Blockquote 90% HPD interval
What the meaning ot 90% HPD interval ?
Thank you so much indeed
Hi every one
Can some one intepret the Dynare report after the Bayesian estimation as such
Blockquote 90% HPD interval
What the meaning ot 90% HPD interval ?
Thank you so much indeed
This is the Bayesian equivalent of the frequentist confidence interval. See e.g. the textbook of Koop 2003 “Bayesian Econometrics”.