It takes the average reader and 18 minutes to read System Priors for Econometric Time Series by Michal Andrle
Assuming a reading speed of 250 words per minute. Learn more
The paper introduces “system priors”, their use in Bayesian analysis of econometric time series, and provides a simple and illustrative application. System priors were devised by Andrle and Benes (2013) as a tool to incorporate prior knowledge into an economic model. Unlike priors about individual parameters, system priors offer a simple and efficient way of formulating well-defined and economically-meaningful priors about high-level model properties. The generality of system priors are illustrated using an AR(2) process with a prior that most of its dynamics comes from business-cycle...
System Priors for Econometric Time Series by Michal Andrle is 18 pages long, and a total of 4,644 words.
This makes it 6% the length of the average book. It also has 6% more words than the average book.
The average oral reading speed is 183 words per minute. This means it takes and 25 minutes to read System Priors for Econometric Time Series aloud.
System Priors for Econometric Time Series is suitable for students ages 6 and up.
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