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Mh replic advantage
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Mh replic advantage
by Ravelomanana » Fri Jun 19, 2015 12:29 pm
What is the advantage of increasing the mh_replic in the estimation procedure?
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Re: Mh replic advantage
by jpfeifer » Sat Jun 20, 2015 8:39 pm
You need to make sure that the MCMC draws a representative sample from the posterior distribution. Usually, that requires quite many draws. Use the convergence diagnostics to see whether you had sufficiently many.
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