Table 3. Simulation results showing the bias and precision of the posterior mean, mode and median for the density and psi parameter.

Root-mean-squared-error (RMSE) and % coverage rates for the 95% highest posterior density (HPD) intervals are reported.

	Initial estimates		Simulation Results						% Coverage
Parameter	Mean	SD	Mean	RMSE	Mode	RMSE	Median	RMSE	Mean	Mode	Median
Density	3.31	1.01	3.48	0.84	3.27	0.87	3.41	0.84	97%	97%	97%
psi	0.50	0.15	0.51	0.11	0.48	0.12	0.50	0.11	99%	97%	97%