bayesdfa

Bayesian Dynamic Factor Analysis (DFA) with 'Stan'

CRAN Package

Implements Bayesian dynamic factor analysis with 'Stan'. Dynamic factor analysis is a dimension reduction tool for multivariate time series. 'bayesdfa' extends conventional dynamic factor models in several ways. First, extreme events may be estimated in the latent trend by modeling process error with a student-t distribution. Second, alternative constraints (including proportions are allowed). Third, the estimated dynamic factors can be analyzed with hidden Markov models to evaluate support for latent regimes.

  • Version1.3.3
  • R version≥ 3.5.0
  • LicenseGPL (≥ 3)
  • Needs compilation?Yes
  • Last release02/26/2024

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  • Depends1 package
  • Imports10 packages
  • Suggests4 packages
  • Linking To6 packages