Stan is a free and open-source C++ program that performs Bayesian inference or optimization for arbitrary user-specified models and can be called from the command line, R, Python, Matlab, or Julia and ...

Bayesian statistics represents a powerful framework for data analysis that centres on Bayes’ theorem, enabling researchers to update existing beliefs with incoming evidence. By combining prior ...

MATTHIEU DROUMAGUET, ANDERS WARNE, TOMASZ WOŹNIAK, GRANGER CAUSALITY AND REGIME INFERENCE IN MARKOV SWITCHING VAR MODELS WITH BAYESIAN METHODS, Journal of Applied Econometrics, Vol. 32, No. 4 ...