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The goal of BINtools is to implement a BIN model, a Bayesian approach to decomposing forecasting accuracy into three components: bias, partial information, and noise.
You can install the released version of BINtools from CRAN with:
install.packages("BINtools")
This is a basic example which shows you how to solve a common problem:
library(BINtools)
# An example with two forecasting groups
# a) Simulate synthetic data:
= simulate_data(list(mu_star = -0.8,mu_0 = -0.5,mu_1 = 0.2,gamma_0 = 0.1,
synthetic_data gamma_1 = 0.3, rho_0 = 0.05,delta_0 = 0.1, rho_1 = 0.2, delta_1 = 0.3,rho_01 = 0.05), 300,100,100)
# b) Estimate the BIN-model on the synthetic data:
= estimate_BIN(synthetic_data$Outcomes,synthetic_data$Control,synthetic_data$Treatment,warmup = 1000, iter = 2000)
full_bayesian_fit # c) Analyze the results:
complete_summary(full_bayesian_fit)
These binaries (installable software) and packages are in development.
They may not be fully stable and should be used with caution. We make no claims about them.