Use the Minitab macro BayesMultReg or the R function bayes.lm with a multivariate normal prior to t

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Use the Minitab macro BayesMultReg or the R function bayes.lm with a multivariate normal prior to t a multiple linear regression model to this data set. An initial choice of prior might be b0 = 0 and V0 = 106I7, where I7 is a 7 x 7 identity matrix. This is a very diffuse prior centered on zero.

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Introduction To Bayesian Statistics

ISBN: 9781118091562

3rd Edition

Authors: William M. Bolstad, James M. Curran

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