A Review of the `BMS' Package for R

This paper describes the relative merits and attractiveness of the newest Bayesian model averaging package, BMS, available in the statistical software R to implement a Bayesian model averaging exercise. This package provides the user with a wide range of customizable priors for conducting a BMA analysis, provides ample graphs to visualize the results and offers several alternative model search mechanisms.

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Year of publication:	2011
Authors:	Amini, Shahram ; Parmeter, Christopher F.
Institutions:	Department of Economics, School of Business
Subject:	Model Averaging \| Zellner's g Prior \| BMS

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Extent:	application/pdf
Series:	Working Papers.
Type of publication:	Book / Working Paper
Language:	English
Notes:	Forthcoming: Working Number 2011-8 11 pages
Classification:	C87 - Econometric Software
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10009294303