# Bayesian Estimation Questions

**URL:** <https://forum.dynare.org/t/bayesian-estimation-questions/26798>\
**Category:** General DSGE Modeling\
**Created:** [26 November 2024 23:29 UTC](https://forum.dynare.org/t/bayesian-estimation-questions/26798 "2024-11-26T23:29:22Z")\
**Posts on this page:** 1\
**Showing post:** 2

<div class="post-metadata">

**Author:** ![jpfeifer](https://forum.dynare.org/user_avatar/forum.dynare.org/jpfeifer/32/5044_2.png) [@jpfeifer](https://forum.dynare.org/u/jpfeifer)\
**Post date:** [28 November 2024 10:39 UTC](https://forum.dynare.org/t/bayesian-estimation-questions/26798/2 "2024-11-28T10:39:59Z")

</div>

1. No, correlation between shocks does not mean there is effectively a 6th shock.
2. See e.g.

> [@Problems with the results of Bayesian estimation?](https://forum.dynare.org/t/problems-with-the-results-of-bayesian-estimation/16067/2):
>
> See e.g.

3. The `heteroskedastic_shocks` allows for unforeseen structural breaks in the shock variances. It does not make the model deterministic. It simply allows you to have periods where bigger shocks are considered to be more likely.  
4. That assumption is always subjective. After all, we don’t know which process generated the data.

---

_[View the full topic](https://forum.dynare.org/t/bayesian-estimation-questions/26798)._