make.breaklist {MCMCpack} | R Documentation |
This function generates a vector of break numbers using the output of testpanelSubjectBreak
.
The function performs a pairwise comparison of models using Bayes Factors.
make.breaklist(BF, threshold=3)
BF |
output of |
threshold |
The Bayes Factor threshold to pick the best model.
If a Bayes factor of two models is smaller than |
Jong Hee Park, 2011. “A Unified Method for Dynamic and Cross-Sectional Heterogeneity: Introducing Hidden Markov Panel Models." Working Paper.
Harold Jeffreys, 1961. The Theory of Probability. Oxford University Press.