Table 10 Prior and Posterior distributions
From: The relevance of domestic and foreign factors in driving Ghana’s business cycle
Params | Dist. | Prior Mean | Posterior Mean | 90% HPD inf | 90% HPD sup |
|---|---|---|---|---|---|
\(\beta\) | Normal | 0.960 | 0.9767 | 0.9767 | 0.9768 |
\(\alpha\) | Beta | 0.400 | 0.4086 | 0.4066 | 0.4102 |
\(\psi\) | Normal | 2.000 | 2.9713 | 2.9432 | 2.9942 |
\(\delta\) | Normal | 0.057 | 0.0100 | 0.0100 | 0.0110 |