hi friends, this is a result of running a program in SHAZAM with
bayesian inequality constrained estimation where restrictions are
imposed on b0 (b0>1) and b1 (b1<1) where ONE is the constant b0.
|_restrict one.gt.0
|_restrict y.lt.1
|_end
NUMBER OF INEQUALITY RESTRICTIONS = 2
NUMBER OF COEFFICIENTS= 2
NUMBER OF REPLICATIONS= 1000000
ANTITHETIC REPLICATIONS ALSO INCLUDED
DEGREES OF FREEDOM FOR T DISTRIBUTION = 8
ORIGINAL COEFFICIENT ESTIMATES
0.91126 -128.94
2000000 REPLICATIONS 815582 SATISFIED
PROPORTION= 0.40779 NUMERICAL STANDARD ERROR OF PROPORTION= 0.00035
ASYMPTOTIC STANDARD ERROR OF PROPORTION= 0.00035
VARIABLE AVERAGE STDEV VARIANCE NUMERICAL SE
Y 0.84755 0.43446E-01 0.18875E-02 0.48108E-04
ONE 434.21 381.96 0.14589E+06 0.42294
|_bayes/nsamp=1000000
i'm not familiar with the interpretation of the output...is the
interpretation the same as the OLS? is the average now the estimate of
the coefficients bo and b1? what's the differenc from the OLS results? ?
pls give me some enlightment on this or guide me to some website for a
very very simple interpretation of the results...thanks a lot
--
marina garcia
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