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Christopher F. Parmeter

2012

Software Review

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Full-Text Articles in Social and Behavioral Sciences

A Review Of The Bms Package For R, Shahram Amini, Christopher Parmeter Dec 2011

A Review Of The Bms Package For R, Shahram Amini, Christopher Parmeter

Christopher F. Parmeter

This paper describes the relative merits and attractiveness of the newest Bayesian model averaging package, BMS, available in the statistical software R to implement a Bayesian model averaging exercise. This package provides the user a wide range of customizable priors for conducting a BMA analysis, provides ample graphs to visualize results and offers several alternative model search mechanisms.