Parameter | Posterior | 95% HPD Region | Prior | ||
---|---|---|---|---|---|

Mean | SD | Mean | SD | ||

ψ | 0.451 | 0.025 | (0.403, 0.499) | ∞ | ∞ |

λ | 1.381 | 0.195 | (1.029, 1.769) | ∞ | ∞ |

ρ | 0.412 | 0.131 | (0.167, 0.667) | ∞ | ∞ |

γ | 0.948 | 0.241 | (0.485, 1.413) | ∞ | ∞ |

κ_{1} | 0.063 | 0.286 | (−0.497, 0.621) | 0.000 | 5.774 |

κ_{2} | −0.160 | 0.639 | (−1.396, 1.120) | 0.000 | 5.774 |

δ | −3.825 | 0.226 | (−4.252, −3.371) | −5.000 | 2.887 |

π | 0.396 | 0.060 | (0.277, 0.510) | 0.500 | 0.289 |

NOTE: Columns 2 and 3 report estimates of PM and SD; Bayesian 95% posterior high density regions are provided in column 4. Prior means and SD appear in columns 5 and 6. Note that that half–Cauchy distribution has no finite moments.