model comparison

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model comparison

Postby stavakoli » Sat Jun 24, 2017 9:02 am

Hi everybody
I have a small-open-economy RBC model Bayesian estimation. I have 2 policy A and B . How can I compare these 2 model?
Attachments
Policyb.mod
(1.81 KiB) Downloaded 90 times
Policya.mod
(1.63 KiB) Downloaded 121 times
stavakoli
 
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Joined: Tue Nov 22, 2016 3:13 pm

Re: model comparison

Postby jpfeifer » Thu Jun 29, 2017 1:45 pm

If they are estimated on the same data, you can do Bayesian model comparison using the marginal data density.
------------
Johannes Pfeifer
University of Cologne
https://sites.google.com/site/pfeiferecon/
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Location: Cologne, Germany

Re: model comparison

Postby stavakoli » Sat Jul 01, 2017 4:52 am

Thank you for your answer.
but how should I compare using the marginal data density?
stavakoli
 
Posts: 32
Joined: Tue Nov 22, 2016 3:13 pm

Re: model comparison

Postby stavakoli » Tue Jul 04, 2017 5:30 am

jpfeifer wrote:If they are estimated on the same data, you can do Bayesian model comparison using the marginal data density.

Thank you for your answer.
but how should I compare using the marginal data density?
stavakoli
 
Posts: 32
Joined: Tue Nov 22, 2016 3:13 pm

Re: model comparison

Postby jpfeifer » Mon Jul 10, 2017 3:28 pm

------------
Johannes Pfeifer
University of Cologne
https://sites.google.com/site/pfeiferecon/
jpfeifer
 
Posts: 6940
Joined: Sun Feb 21, 2010 4:02 pm
Location: Cologne, Germany

Re: model comparison

Postby stavakoli » Wed Jul 12, 2017 6:16 am

jpfeifer wrote:See viewtopic.php?f=1&t=15181

Thank you for your answer jpfeifer
I red that file and add the code
Code: Select all
model_comparison policyb(0.5) policya(0.5);
 

It worked but it didn't give me any answer about model comparison. what is the problem? how can I fined the answer?
stavakoli
 
Posts: 32
Joined: Tue Nov 22, 2016 3:13 pm


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