IRIS Toolbox Reference Manual

System priors

System priors are priors imposed on the system properties of the model as whole, such as shock response functions, frequency response functions, correlations, or spectral densities; moreover, systempriors objects also allow for priors on combinations of parameters. The system priors can be combined with priors on individual parameters.

Systempriors methods:

Constructor

Setting up priors

Getting information about system priors