Time-varying parameter (TVP) models have the potential to be over-parameterized, particularly when the number of variables in the model is large. Global-local priors are increasingly used to induce shrinkage in such models. But the estimates produced by these priors can still have appreciable...

Classification and generalisation are arguably the most important abstractions used in conceptual modelling. From a software developer's perspective it may seem that there is a clear difference between classification and generalisation. However, this impression is deceptive. It is indeed...