CPrior 0.3.0

CPrior 0.3.0 Release Notes

• Normal-inverse-gamma conjugate prior distribution.
• New Bayesian models supported: Normal-normal-inverse-gamma and Log-normal-normal-inverse-gamma model with unknown mean and variance.

Numerical methods

• Multivariate testing functions probability_vs_all, expected_loss_vs_all and expected_loss_relative_vs_all use numerical integration (method="quad") as default computational method. This provides a significant speed-up compared to other methods and more accurate solutions.
• Combination of asymptotic estimates and numerical integration for the marginal distribution of the mean in the normal-inverse-gamma conjugate prior distribution.