BAYES

The BAYES command is used to specify the number of replications desired, and is also followed by the RESTRICT commands that specify the inequality restrictions. Following the RESTRICT commands, an END command must be placed. Finally, the BAYES command must itself follow an estimation command such as OLS.

In general, the format is:

  BAYES / options NSAMP=

The available options on the BAYES command are:

Option Description
NOANTITHET Omits the ANTITHETIC replications.
NORMAL Assumes the coefficients are normally distributed rather than t distributed.
PSIGMA Prints the original covariance matrix.
DF= Specifies the degrees of freedom for the t-distribution.
NSAMP= Used to specify the number of desired replications.
OUTUNIT= Specifies a Unit to use to write all the replicated coefficients.