Ask everyone. I encountered some confusion in learning Bayesian estimation. How to set the prior distribution parameters of Bayes, such as prior mean and variance. Is that a guess? There’s some quantitative studies that need to be done. Parameter estimation Are the parameter values that need to be g…

I think what you want to do is to do IRF-analysis awith the estimated parameter-values, right? If yes, there are two ways. One is to include bayesian_irf in the estimation command, which gives you IRF’s from the posterior distribution. Another way is to use, as I think you were saying, the posterior…

Parameter setting of Bayesian prior distribution

Estimation ML/Bayesian estimation

jpfeifer October 13, 2021, 6:22am 4