Displaying 1 result from an estimated 1 matches for "postprobmod".
2009 Jul 02
0
MCMCpack: Selecting a better model using BayesFactor
...My objective is to
select a better model using various alternatives. I have provided here
an example code from MCMCpack.pdf.
The matrix of Bayes Factors is:
model1 model2 model3
model1 1.000 14.08 7.289
model2 0.071 1.00 0.518
model3 0.137 1.93 1.000
> PostProbMod(BF)
model1 model2 model3
0.82766865 0.05878317 0.11354819
I need assistance to interpret the results. If I am wrong, please
correct me.
1. By looking at the matrix of Bayes Factors, Can I say that model1 is
better then the other models. Because Bayes Factor for Model1 relative
to...