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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Related Book For
Introduction To Bayesian Statistics
ISBN: 9781118091562
3rd Edition
Authors: William M. Bolstad, James M. Curran
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