sigma_priors {estimateW}

Set prior specification for the error variance using an inverse Gamma distribution

Description

Set prior specification for the error variance using an inverse Gamma distribution

Usage

sigma_priors(sigma_rate_prior = 0.001, sigma_shape_prior = 0.001)

Arguments

sigma_rate_prior

Sigma rate prior parameter (scalar), default: 0.001.

sigma_shape_prior

Sigma shape prior parameter (scalar), default: 0.001.

This function allows the user to specify priors for the error variance \sigma^2.