Strachan, Rodney; van Dijk, Herman K. - Faculteit der Economische Wetenschappen, Erasmus … - 2006
, inference based upon a single model, when several viable models exist, limits its usefulness. Taking account of model … uncertainty, a Bayesian model averaging procedure is presented which allows for unconditional inference within the class of vector … used in a model averaging approach for forecasting and impulse response analysis. The methods are applied to investigate …