Related Resources

• Sample Exercises Using BACC 2003
• BACC Related papers
• Links to other Bayesian Resources

Exercise 1 is an application of the Normal Linear Model to the Capital Asset Pricing Model (CAPM). The following links provide you with the data, suggested questions, and suggested answers.


• Data
  
• Suggested Questions (postscript)
  
• Suggested Answers (postscript)


Exercise 2 is an application of the Normal Linear Model to what is known as the Happy Data. The following links provide you with the data and prior specification files as well as suggested questions and answers. The data and prior specification files are zipped in a single file called happy.zip. Type unzip happy.zip at your command line to extract the individual files or use a standard unzip utility.


• Data and Priors
  
• Suggested Questions (postscript)
  
• Suggested Answers (postscript)

Exercise 3 is an application of the Normal Linear Model (with more than one equation, i.e., SUR) to the Diewert production function. The following links provide you with the data as well as suggested questions and answers.


• Data
  
• Suggested Questions (postscript)
  
• Suggested Answers (postscript)

• Geweke, J. (2005), "Contemporary Bayesian Econometrics and Statistics," Text for "advanced graduate students and practitioners in econometrics and statistics", with examples using BACC.
  
  
• Geweke, J. (1999), "Using Simulation Methods for Bayesian Econometric Models: Inference, Development, and Communication," Econometric Reviews 18: 1-126.
  
  
• Geweke, J. and W. McCausland, "Embedding Bayesian Tools in Mathematical Software," (2000).
  
  
• McCausland, W., "Using the BACC Software for Bayesian Inference."
  Presented at the 1999 conference, Computing in Economics and Finance, held in Boston, MA:
  Instructions for replicating the paper (pdf)
  Associated zip file
  
  
• "Original" BACC 98 Manual: Geweke, J. and S. Chib, (1998) "Bayesian Analysis, Computation and Communication (BACC): A resource for Investigators, Clients and Students." Some material does not apply to BACC 2003, but it is still a useful reference to computations as they are performed in BACC.
  
  
• An introduction to applied Bayesian econometrics (Professor John Geweke's Lecture notes from Applied Econometrics at the University of Minnesota)

• International Society for Bayesian Analysis