Description Usage Arguments Value Author(s) References See Also
set up uninformative prior
1 2 | set_prior_uninformative(mydata = NULL, factordata = NULL,
no_factors = 0, nolags = 1, intercept = TRUE)
|
mydata |
data |
factordata |
data for factor models (not yet implemented) |
no_factors |
number of factors (not yet implemented) |
nolags |
number of lags |
intercept |
whether the model has an intercept |
returns an S3 object of the class "unf"
Joerg Rieger
K. Rao Kadiyala and Sune Karlsson, Numerical Methods for Estimation and Inference in Bayesian VAR-Models, Journal of Applied Econometrics 12(2), 99-132
Gary Koop and Dimitris Korobilis (2010), Bayesian Multivariate Time Series Methods for Empirical Macroeconomics, Foundations and Trends in Econometrics 3(4), 267-358
Other priors: set_prior_cnw
,
set_prior_minnesota
,
set_prior_ssvs
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