Model comparison

This forum is closed. You can read the posts but cannot write. We have migrated the forum to a new location where you will have to reset your password.
Forum rules
This forum is closed. You can read the posts but cannot write. We have migrated the forum to a new location (https://forum.dynare.org) where you will have to reset your password.

Model comparison

Postby matte » Thu Sep 02, 2010 5:52 pm

Does anybody know if there exists a rule of thumb for posterior odds ratio?
So that one can say e.g., if posterior odds ratio is less than ...., then....
Thanks a lot!
matte
 
Posts: 15
Joined: Wed Jul 28, 2010 7:06 am

Re: Model comparison

Postby AssiaEzzeroug » Mon Sep 13, 2010 3:26 pm

Hi,

the decision rule consists in selecting the model with the highest marginal density; in terms of PO that means, if PO_{1,2} >1 we choose model 1 over model 2.

Best
AssiaEzzeroug
 
Posts: 83
Joined: Tue Nov 24, 2009 3:48 pm


Return to Dynare help

Who is online

Users browsing this forum: Google [Bot] and 7 guests