set_NG function

Set up a Normal-Gamma prior

set_NG(
  mu = 0,
  precision = 1e-08,
  shape = 0.01,
  rate = 0.01,
  beta = NULL,
  sigma = NULL
)

set_SNG(
  lambda_a = 0.01,
  lambda_b = 0.01,
  theta_scale = 0,
  theta_a = 1,
  lambda = 1,
  tau = 10,
  theta = 0.1
)

set_HS(lambda = 1, tau = 1, zeta = 1, nu = 1)

Arguments

• mu: Numeric scalar or vector with the prior mean of 'beta'.
• precision: Numeric scalar or matrix with the prior precision of 'beta'. Not used for shrinkage priors.
• shape, rate: Numeric scalars with the prior shape and rate of 'sigma'.
• lambda_a, lambda_b: Numeric scalars with the prior shape and rate of 'lambda'.
• theta_scale: Numeric scalar with the proposal scale of 'theta'. Defaults to zero for a fixed value.
• theta_a: Numeric scalar with the prior rate of 'theta'.
• lambda, tau, theta, zeta, nu, beta, sigma: Numerics with starting values for the respective parameter.

Returns

Returns a list with priors and settings.