A Note on the Hierarchical Model and Power Prior Distribution in Bayesian Quantile Regression | ||
| journal of Economics And Administrative Sciences/ University of baghdad | ||
| Article 1, Volume 20, Issue 76, April 2014, Pages 1-16 | ||
| Abstract | ||
| In this paper, we investigate the connection between the hierarchical models and the power prior distribution in quantile regression (QReg). Under specific quantile, we develop an expression for the power parameter ( ) to calibrate the power prior distribution for quantile regression to a corresponding hierarchical model. In addition, we estimate the relation between the and the quantile level via hierarchical model. Our proposed methodology is illustrated with real data example | ||
| Keywords | ||
| Hierarchical model; Posterior distribution; Power prior; Quantile regression | ||
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