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Richard Startz
''On the implicit uniform BIC prior''
( 2014, Vol. 34 No.2 )
I show how to find the uniform prior implicit in using the Bayesian Information Criterion to consider a hypothesis about a single normally distributed parameter. The ratio of the width of the implicit prior to the standard deviation of the parameter estimate is √2πn for large samples.
Keywords: Bayesian Information Criterion, BIC, priors
JEL: C1 - Econometric and Statistical Methods: General
C4 - Econometric and Statistical Methods: Special Topics
Manuscript Received : Feb 26 2014 Manuscript Accepted : Apr 04 2014

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