
578 Current Trends in Bayesian Methodology with Applications
TABLE 27.2
Percentage of times e ach model provides the smallest MSE
γ
.
Model
Scenario M
1
M
2
M
3
M
4
M
5
M
6
M
7
1a 1 22 31 13 5 13 15
1b 0 7 37 12 3 25 16
2a 1 6 21 24 24 11 13
2b 0 0 15 33 21 9 22
3a 0 3 16 20 30 16 15
3b 0 1 1 17 39 19 23
model in 48.4% of times. For Scenarios 1a and 1b, we notice that every time
model M
3
is selected as the best model, the second be st model is, in general,
one of the models that does not fix λ a priori. Moreover, in Scenario 1b, when
M
6
and M
7
present the smallest MSE, M
3
is usually the second best model.
Similar conclusions ca n be drawn when we compare the models M
4
, M
6
and ...