A Comparison of Bayesian Mixed Data Models for Austrian SILC data
AbstractIn many applications multidimensional outcome variables measured on different scales are of interest. In this paper we consider regression modelling of a bivariate response with a normal and a binary component. We use three different approaches to model dependence: a joint logit-normal model for the two responses, a factorization model with linear dependence and a a factorization model with flexible non-linear dependence. We apply these approaches to Austrian SILC data to analyse material deprivation and household income.
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