Thursday 8/14/1997 13:53:31 Linear model with normal AR(p) disturbances <<< Model specification read from file pri97 <<< Data read from file fakedat Number of variables read from file: 4 Number of observations in file: 500 Observations used for sample: 1 - 500 Col Minimum Maximum Mean Stan. dev. First Last 1 1.0000E+00 1.0000E+00 1.0000E+00 0.0000E+00 1.0000E+00 1.0000E+00 2 -3.1394E+00 3.1996E+00 -4.3616E-02 9.7616E-01 1.3563E-01 -1.2951E-01 3 -3.1440E+00 3.9421E+00 1.6236E-02 1.0562E+00 3.7056E-01 -1.7177E+00 4 -1.3761E+01 2.0287E+01 9.6642E-01 4.6113E+00 3.0153E+00 -3.3914E+00 First observation (t1): 1 Last observation (t2): 500 Number of regressors (k): 3 Order of autoregression (p): 4 Dependent variable column: 4 Explanatory variable columns: 1 2 3 Gaussian prior for covariate coefficients Parameter Prior mean Prior s.d. Prior prec. Initial value 1 0.000000E+00 1.000000E+00 1.000000E+00 -1.561879E+00 2 0.000000E+00 1.000000E+00 1.000000E+00 -6.069412E-01 3 0.000000E+00 1.000000E+00 1.000000E+00 2.005207E-01 Prior correlation matrix 1 2 3 1 1.000 2 0.000 1.000 3 0.000 0.000 1.000 Normalized prior precision matrix 1 2 3 1 1.000 2 0.000 1.000 3 0.000 0.000 1.000 Invertible Gaussian prior for AR(p) coefficients Parameter Prior mean Prior s.d. Prior prec. Initial value 1 0.000000E+00 7.071068E-01 2.000000E+00 4.708759E-01 2 0.000000E+00 7.071068E-01 2.000000E+00 -2.854451E-01 3 0.000000E+00 7.071068E-01 2.000000E+00 1.138247E-01 4 0.000000E+00 7.071068E-01 2.000000E+00 -6.457961E-01 .. Means and standard deviations do not reflect invertibility constraint. Standard deviation of approximation of log prior kernel: 9.91626E-03 Computation time: 0.94 Chi-square prior for precision Degrees of freedom Scale parameter Initial draw 1.0000000E+00 1.0000000E+00 5.8526432E-02 Organization of simulation vector Covariate coefficient vector: 1 Precision: 4 AR(p) coefficient vector: 5 Markov chain Monte Carlo posterior simulation Parameters written in each record: 8 Iterations: 2000 Skips between iterations: 0 >>> Posterior simulation matrix written to file sim97 Iterations completed: 2000 CPU time: 12.4489 CPU time per iteraton: 0.0062 1092 accepted Metropolis candidates Thursday 8/14/1997 13:53:49