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BBMV (version 2.1)

proposal_5pars_root_bounds: Parameter update for the MCMC function

Description

Internal function that proposes parameter updates used in MCMC estimation of the BBMV model.

Usage

proposal_5pars_root_bounds(type = "Uniform", sensitivity, pars)

Arguments

type

The type of proposal function, only 'Uniform' is available (the default).

sensitivity

A numeric vector specifying the width of the uniform proposal for each parameter.

pars

The current parameters in the MCMC chain.