Question: 5. Consider the individual effects model with hierarchical prior with likelihood given in (7.3), prior given in (7.7)(7.11) and posterior conditionals given in (7.14) through

5. Consider the individual effects model with hierarchical prior with likelihood given in (7.3), prior given in (7.7)–(7.11) and posterior conditionals given in

(7.14) through (7.18). Extend these results to allow for independent Student-t errors (see Chapter 6, Section 6.4).

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