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Scribe42
Scribe42
Level I

Possible to do Bayesian Regression in JMP?

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Created: Dec 31, 2020 06:46 PM  |  Last Modified: Jun 8, 2023 5:26 PM (728 views)

I have a fairly straight-forward linear regression where the dependent variable is sales lift. The resulting confidence interval is fairly wide (and also currently crosses into negative lift which is impossible) and I'd like to tighten it up via a bayesian "credible estimate."

 

I have what I consider to be a reasonably solid prior for sales lift.

 

Can I do this in JMP? I admit I'm new to Bayesian regression, though I believe I have the basic concepts down from my research so far.

 

P.S. - I guess technically this is an ANOVA since my independent variables are actually all categorical (1 or 0 for test vs control market, pre vs post period, and interaction). Dependent is continuous.

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1 REPLY 1
mlo1
mlo1
Level IV

Re: Possible to do Bayesian Regression in JMP?

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Created: Jan 1, 2021 06:05 AM  |  Last Modified: Jan 1, 2021 3:05 AM (708 views)  |  Posted in reply to message from Scribe42 12-31-2020

Which Version do you use? From the Manual Bayes and consumer research are in the Pro version.

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