I have estimated two different RBC models using the SMM approach, but I god confused when going through the estimated results.
Could I get some help understanding and interpreting the results called: “Log Density Data” and the "Highest Posterior Density (HPD) interval?
My problem might be, that I don’t understand how the results should be interpreted and what the “value” means to my model.
I hope you can help med. Thank you in advance.