Title of article
Priors for unit root models
Author/Authors
Joseph B. Kadane، نويسنده , , Joseph B. and Chan، نويسنده , , Ngai Hang and Wolfson، نويسنده , , Lara J.، نويسنده ,
Issue Information
دوفصلنامه با شماره پیاپی سال 1996
Pages
13
From page
99
To page
111
Abstract
A method of assessing an economistʹs subjective prior for a unit root model is given, and applied. The methods extend previous work by allowing a family of piecewise conjugate prior distribution that permit different opinions when ϱ <1, ϱ = 1, and ϱ > 1. This larger family is still closed under sampling, so it retains the simplicity that is the principal advantage of conjugate analysis.
Keywords
Structural elicitation techniques , Elicitation , Bayesian analysis , Unit roots , Predictive elicitation technique
Journal title
Journal of Econometrics
Serial Year
1996
Journal title
Journal of Econometrics
Record number
1556626
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