Bayesian Regression Analysis using Median Rank Set Sampling
Bayesian Regression Analysis using Median Rank Set Sampling
Bayesian estimation of the linear regression parameter system is considered by deploying Median Rank Set Sampling (MRSS). The full conditional distributions and the associated posterior distribution are obtained. Therefore, based on Markov Chain Monte Carlo simulation, the Bayesian point estimates and credible intervals for the regression parameters are determined. To …