Hello,
I am quite new with the bayesian methodology.
I am estimating the same structural model for the euro area and for the US. If the Log data density is -656.634738 for the US and Log data density is -443.546738 for the euro area, can I conclude that the model fits better the Us economy?
Thank you for helping me..
Best
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comparing model
by picchio79 » Sat Aug 21, 2010 4:00 pm
- picchio79
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Re: comparing model
by AssiaEzzeroug » Wed Aug 25, 2010 11:33 am
Hi,
one usually looks at the higher likelihood when doing bayesian model comparison. in that case the EA model fits better
Best
one usually looks at the higher likelihood when doing bayesian model comparison. in that case the EA model fits better
Best
- AssiaEzzeroug
- Posts: 83
- Joined: Tue Nov 24, 2009 3:48 pm
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