MinnesotaPrior {ConnectednessApproach}

Minnesota Prior

Description

Get Minnesota Prior

Usage

MinnesotaPrior(gamma = 0.1, k, nlag)

Arguments

gamma

Diagonal value of variance-covariance matrix

k

Number of series

nlag

Lag length

Value

Get Minnesota Prior

Author(s)

David Gabauer

References

Koop, G., & Korobilis, D. (2010). Bayesian multivariate time series methods for empirical macroeconomics. Now Publishers Inc.

Examples

prior = MinnesotaPrior(0.1, k=4, nlag=1)