Econometrics Academy - Quantile Regression
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Econometrics Academy - Quantile Regression
The quantile regression gives a more comprehensive picture of the effect of the independent variables on the dependent variable. Instead of estimating the model with average effects using the OLS linear model, the quantile regression produces different effects along the distribution (quantiles) of
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The new 𝗯𝗮𝘆𝗲𝘀: 𝗾𝗿𝗲𝗴 command fits Bayesian quantile regression, letting you explore full posterior distributions for regression coefficients. Plus, all standard Bayesian features—like hypothesis testing and prediction—are supported. We also added the asymmetric Laplace distribution (ALD) as a new likelihood function to 𝗯𝗮𝘆𝗲𝘀𝗺𝗵, making it easier to model skewed or heavy-tailed outcomes and fit advanced Bayesian quantile regression models. ▶️ Watch the walkthrough: YouTube.com/watch
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