Suppose we start with a Jeffreys' prior for the standard deviation . What value of S x
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Suppose we start with a Jeffreys' prior for the standard deviation . What value of S x an inverse chi-squared(k) will we use?
(a) Find the posterior using the macro NVarICP in Minitab or the function nvaricp in \(\mathrm{R}\).
(b) Find the posterior mean and median.
(c) Find a 95\% Bayesian credible interval for σ.
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Related Book For 
Introduction To Bayesian Statistics
ISBN: 9781118091562
3rd Edition
Authors: William M. Bolstad, James M. Curran
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