March 2019
Beginner to intermediate
448 pages
13h 14m
English
Content preview from R Statistics Cookbook
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How it works...
STAN will launch the MCMC algorithm using the model that we specified. The only real difference with respect to the previous recipe is that here we are specifying a model that relates the conditional mean of the price to certain regressors. That relationship is constructed upon a series of coefficients, where we want to find out the posterior density.
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